OREANDA-NEWS. The largest logistics center for cargo and container handling in the Volga region will be built in the Samara region.

According to the project, which was discussed during the International logistics conference in Samara, the center will consist of 5 terminals, which will provide services for 20% of the European part of Russia.

At present an agreement with RZD and preliminary agreement with Ascom, UBS, EBRR, Raiffeisen bank on the participation in the project were reached.

The construction of the center will start in 2009. The investments will total 10 bln. rub. The financing will be provided by the federal and regional budgets, and by the private investments.