Ust-Luga Company JSC to obtain state guarantees for infrastructure bonds issue
Ust-Luga Company JSC (Leningrad region) counts on inclusion of complex investment project of Ust-Luga commercial seaport development (the Gulf of Finland, the Baltic Sea) into the list of investment projects claiming to obtain state support guarantees in 2009, PortNews IAA learnt from Marina Kondratieva, Financial Director of Ust-Luga Company JSC.
She highlighted, ‘The project of Ust-Luga commercial seaport development meets all the possible criteria, that an investment project should comply with, the project that is implemented within Russian economy modernization and that has federal meaning, and is a worthy claimer for obtaining of state guarantees’.
‘We tend to issue infrastructure bonds by 2009 and consider this financial means to be one the ways of attracting funds into our project,’ stated Marina Kondratieva.
Bonds circulation term may amount to 7-10 years.
For more details on the matter are here.