Semmaris to build Moscow food logistics centre Agropark Maksimikha

Rungis International Market, Paris

The French  management company Semmaris has signed a licensing agreement with VTB to help the Russian bank develop Agropark Maksimikha, a $580m food distribution and logistics  centre serving  the Moscow Region. The presidents of the two organisations signed the agreement on Monday at a ceremony attended by Deputy Prime Minister Arkady Dvorkovich, Minister of Agriculture Alexander Tkachev and Moscow Region Deputy Prime Minister Denis Butsayev.
Semmaris already manages Paris’s Rungis International Market, the world’s largest high-tech food and logistics centre. Following the signing, it issued a press release saying that as well as creating a large food market for Russian producers, the Agropark would help diversify the range of available food products and support transparent and controlled pricing.
The new centre will  also  contribute to Russia’s  import substitution programme that is set to play an increasingly important role in the country’s  ability to meet its food supply requirements  with the embargo on EU products now being extended to Turkey after the shooting down of one of its planes over Syria.
On top of the estimated $580m required to build the centre, a further $290m has been earmarked for the the construction of the surrounding housing and infrastructure, VTB President  Andrey Kostin said. Work on the Agropark is expected to begin in Moscow next summer. 

Source: ABN