Sea Port of Saint-Petersburg boosts allocations for its development programme 2.4 times
In the first quarter of 2019, Sea Port of Saint-Petersburg JSC (SP SPb, a company of UCL Holding) allocated RUB 165.4 million for implementation of its development programme, 2.4 times as much as in the same period of the previous year, the company says in a press release.
As part of its technical upgrading, the company more than doubled its allocations for acquisition of new equipment, up to RUB 140 million. In particular, Sea Port of Saint-Petersburg paid off the new electric portal crane, Vityaz, which was put into operation in February 2019. The company also invested in the purchase of technological accessories and other handling equipment.
In the reporting period, allocations for infrastructure facilities surged three-fold to RUB 24.5 million. The company continued modernization of its storage and handling yards.
The port also increased financing of works on modernization of power assets, security and fire safety systems. The company’s allocations for the above-mentioned purposes totaled RUB 0.9 million in the first quarter of 2019, up 16% year-on-year.
Sea Port of Saint-Petersburg JSC (a company of UCL Port – stevedoring division of the International Transportation Group UCL Holding) is the largest operator, rendering services on handling of all types of dry cargoes at Big Port St. Petersburg. It operates modern multipurpose specialized terminals for handling of general and bulk cargoes and specialized terminals for ro-ro cargoes and containers. In 2018, the company handled 7.7 million tonnes of cargo.