Belaruskali acquires 30% in Klaipeda terminal

• 18.04.2013, 11:32

OAO Belaruskali has acquired 30% of the Klaipeda terminal for $30 million.

Belarus Prime Minister Mikhail Myasnikovich told reporters about it on 18 April.

“Belaruskali has acquired a 30% stake in the dry bulk terminal. This is a very big terminal. I believe that this $30 million is a good investment,” said Mikhail Myasnikovich. Thus, a 30% stake in the terminal is now owned by OAO Belaruskali, he explained. Belarus invests in the economy of Lithuania.

Last year Belarusian investment in Lithuania exceeded €70 million. “This year we have already invested $30 million in the Klaipeda port. This is Belarus’ first investment in the port. Now we are mulling over an equity participation in the port for Grodno Azot. Thus, we will have a good investment portfolio here,” the Premier noted.

The Belarusian PM stated that, being a transit country, Belarus has been implementing quite an ambitious logistics program to manage commodity flows. Thus, Belarus will concentrate the flows of cargo, including in Klaipeda. “This is possible, first of all, due to the geography and a well-coordinated work of our rail companies,” Mikhail Myasnikovich said. Today every third tonne shipped in Klaipeda is Belarusian cargo. There is a huge potential to increase these numbers, the Belarusian Premier is confident.