The State is considering the possibility of state guarantees provision on infrastructure bonds of Ust-Luga Company JSC (Leningrad region) informed fincake.ru with reference to Alexander Novak, Deputy Minister of Finance of RF.
An official confirmed the bonds can be issued already in December current year.
Ust-Luga Company JSC was established in 1992 for implementation of a project on construction of Russia’s new commercial seaport in the of the Gulf of Finland. Ust-Luga Company JSC has several lines of activity related to creation of the largest in RussiaThe largest shareholders of the company are the Leningrad Region government (over 25% of shares), Ust-Luga Company JSC and Novye Resursy CJSC (St.-Petersburg) (20.04% of general company’s shares). multipurpose commercial seaport Ust-Luga and complex social-economic development of the territories adjacent to the port.