Cargo traffic at Ust-Luga Port is projected to grow this year by as much as 1.7 times from the 2011’s figures, to 40 million tons, Ust-Luga Company official said on Wednesday.
According to Ust-Luga Company CEO Alexander Golovizin the growth will be attributed to increasing volumes of oil and petroleum products exported through oil terminals ("Rosneftbunker" and BPS-2). Alexander Goloviznin also mentioned the construction of entrance / exit truck lanes at the port.
Port of Ust-Luga is located on Russia’s border with the EU. Now, Rosmorport is implementing the port’s dredging project to deepen the harbor and a 3.7km approach canal to 17.5 meters. The port will become the only Russian port on the Baltic Sea capable of accommodating 75,000dwt bulkers and 120,000dwt tankers. Today, the port has six fully operating terminals (nine more to be commissioned soon). Overall, there will be 19 terminals commissioned by 2018.