In 2008, Sea Port of Saint Petersburg OJSC continues implementation of investment program valued at RUR 30 billion, Aleksandr Korovin, the company’s Director on strategic development told at the conference “Northern Dimension: Transport. Logistics. Investments”. We think the existing berth facilities may handle twice as much cargo as they handle today due to efficiency improvement, he said. Last year, the Group’s companies handled 12 million tonnes of cargo.
The company’s major projects include the construction of a container terminal in the 4th district of the Big Port of St. Petersburg (at the territory of Forth Stevedoring Company CJSC), refrigerator terminal at the territory of Firstterritory of Third Stevedoring Company. Besides, in the first half of 2008, Sea Port of Saint Petersburg will complete the development of the master plan for the development of the port’s 1st and 2nd districts. The program’s purpose is to raise total throughput of the First and Second Stevedoring Companies to 12 million tonnes per year. Stevedoring Company and automobile terminal at the