15 August (BNS)

Works will begin at Estonia's Sillamäe Port, where a general cargo and container terminal to be built, the business daily Äripäev wrote.

"A well-developed oil products and liquid chemicals terminal has been developed at Sillamäe Port. The time has now come for an up-to-date general goods and container terminal and we have pressed the investment button," said Tiit Vähi, former major owner of Silmet and chairman of the supervisory board of Sillamäe Sadam AS.

The building of a container and general goods terminal at a total cost of 30 million euros will start in August. On Friday a 20 million euro building contract for the second phase of the port infrastructure was signed.

East-West transit goods make up 95% of the goods moving through the port and local goods, or those moving in the north-south direction, make up 5%. "We co-operate with all those who want to carry container or general goods or oil products between Russia and Europe or between CIS countries and Europe," Vähi said about the future.