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2008 May 12   08:24

RUR 160 mln to be invested into railway approaches to Ust-Luga port - Yakunin

RUR 160 mln will be invested into railway approaches to Ust-Luga port (Leningrad region), Vladimir Yakunin, President of Russian Railways OJSC told journalists according to RBC. Yakunin says 95 million tonnes of cargo will be delivered to the port by railway approaches every year. "To ensure normal functioning of Ust-Luga port it is necessary to develop closest approaches including infrastructure of railway approaches up to Yaroslavl," Yakunin said.

Ust-Luga Company was founded in 1992. It is the customer-developer of the Commercial Seaport of Ust-Luga. Implementation of the project will enable the company to build the deepest port of Russia at the Baltic Sea capable of handling dry cargo carriers of up to 75,000 dwt and tankers of up to 120,000 dwt. In 2006, the company’s RAS net profit totaled RUR 22.796 million. руб.

Commercial seaport of Ust-Luga coveres the territory of 810 hectares. By 2025, it is to be expanded to 1,600 hectares. By 2015, the port’s annual throughput is to exceed 120 million tonnes of different cargo. In 2007, the port handled 6.5 million tonnes of cargo.

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