Belarusian investors Arctic Gate Marine Terminal LLC have signed an agreement with the Murmansk Region government on April 22 to construct a terminal for the transshipment of Belarusian cargo, as reported by Interfax and TASS.
The port, which is expected to handle 25-30 million mt/y of cargo, will begin operations in 2028. The new port will allow Belarus a year-round transport corridor for delivering its goods and cargoes to foreign markets, including mineral fertilizers, oil products, and containerized goods.
“For the Murmansk Region, this means new jobs, investments, [and] additional work not only for those who will work at the port but also for those who will build the port,” said Regional Governor Andrey Chibis.
The port construction will be financed by private funds, and in the future the parties plan to use a private public partnership tool, according to company representatives.