The European Bank for Reconstruction and Development (EBRD) is considering a $90 million loan to finance part of the construction costs of the first-phase construction and the further development of container terminal of projected annual capacity of 345,000 TEUs. The terminal is located on the Fourth Stevedoring Company’s cargo area (of the Seaport of Saint Petersburg Group). According to EBRD’s press release, the Sponsor of the project worth $175m is a Dutch-registered Universal Cargo Logistics Holding (UCLH, manages Sea Port of St. Petersburg). Board date – September 1st, the loan application has been reviewed, pending final review.
Earlier reports said the construction of the first-phase container terminal project (part of a SPSPb’s large-scale expansion program) has started in 2008 and is being carried out on the forth cargo area of the Fourth Stevedoring Company.
The Group of Russian stevedoring companies of Sea Port of St. Petersburg, part of international Universal Cargo Logistics Holding, incorporates First Stevedoring Company CJSC, Second Stevedoring Company CJSC, Third Stevedoring Company CJSC, Fourth Stevedoring Company CJSC at the Big Port of St. Petersburg, and Universal Transshipment Complex at the port of Ust-Luga and the number of service companies.
Earlier reports said the construction of the first-phase container terminal project (part of a SPSPb’s large-scale expansion program) has started in 2008 and is being carried out on the forth cargo area of the Fourth Stevedoring Company.
The Group of Russian stevedoring companies of Sea Port of St. Petersburg, part of international Universal Cargo Logistics Holding, incorporates First Stevedoring Company CJSC, Second Stevedoring Company CJSC, Third Stevedoring Company CJSC, Fourth Stevedoring Company CJSC at the Big Port of St. Petersburg, and Universal Transshipment Complex at the port of Ust-Luga and the number of service companies.