FESCO Transportation Group has tackled the construction of the approximately 300,000-TEU capacity transportation-logistics center Usady in the Moscow Region. Total project cost is estimated at 6.8bn rubles.
On March 31, 2014, FESCO Transportation Group will release trading update for the twelve months period ended December 31, 2013. The trading update will include FY2013 operational and consolidated financial results.
On March 19, 2014 in Tokyo, the representatives of FESCO, Marubeni Corporation and United Grain Company signed a memorandum on cooperation within the framework of increasing the volume of grain exports from the ports of the Far Eastern Region of the Russian Federation as part of the Russian-Japanese investment forum.
The volume of container handling in Vladivostok Commercial Seaport (VMTP, the part of FESCO Transportation Group) increased by 10% in January 2014 versus the same period of the previous year and formed 38.6 thousand TEU.