Development of Petrolesport
Shareholders of OJSC Petrolesport approved an agreement with Rosmorport on investment of some RUB 25 million in the terminal expansion up to 2021 (except RUB 8.7bn Petrolesport has injected in the facility since 2007).
The terminal expansion is being carried out on to the principle of public-private partnership, and the agreement with the federal Rosmorport is a good example here. The agreement formalizes the interaction between the port investor and the state. Under the agreement Petrolesport will invest in the facility about 4.65 billion rubles starting from 2011. Overall investment of Petrolesport will amount to RUB 28.63 billion.
Construction works at the PLP’s terminal have been in full swing. Rosmorport is now engaged in designing work for its facilities and plans to start its part of work in 2012.
PLP plans to commission Piers No 49, 50, 52, 53, 65, to complete bank stabilization of Gladkiy island, to build warehousing, production and support facilities, to install cranes and other handling equipment.
Rosmorport will fund the construction of Piers 51 and 64, bank stabilization between Piers 53 and 64, the land reclamation project and dredging of offshore anchorage at Lesnoy Mol.
Petrolesport has been implementing its investment program since 2007 and has injected about 8.7 billion rubles in its terminal expansion. Upon completion of the project PLP will be able to handle 2.3 million TEUs, 270,000 units of rolling cargos (including imported vehicles) and 250,000 tons of refrigerated cargo a year.
Petrolesport (PLP) is a stevedore company at Big Port St. Petersburg. PLP specializes in handling of a broad range of freight: reefer containers, Ro-Ro, timber, and general cargoes. The company outperforms its rivals in the North-West of Russia in handling containerized and Ro-Ro cargo. JSC Petrolesport is part of Global Ports Investments Plc, which itself is a member of N-Trance Group. The latter is a major private operator in the transportation market in Russia, CIS and Baltic countries.
