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2009 April 24   09:59

Draft law to be considered by Petersburg legislators envisages reduction of time for passenger terminal development

St. Petersburg Governor Valentina Matvienko has furnished the draft law On introduction of Amendments into the Law On Special-Purpose Program “Implementation of an investment project on the development of maritime passenger terminal at Vasiljevski Island” to the Legislative Assembly, the Assembly’s press center reports.

The draft law adjusts financial calculations for the construction and envisages reduction of the program implementation. Investments into the project increased from RUR 6.147 bln to RUR 9.874 bln. 

In 2011 (a year ahead of schedule) the city plans to purchase voting shares from investor – JSC Passenger Port St. Petersburg “Marine Facade” thus financing of repurchase of shares will make RUR 914.2 mln which is less then the planned amount by RUR 191.1 mln.

The marine passenger terminal will be able to receive cruise and ferry vessels with a length up to 311 meters and a draft of up to 10 meters. The project’s first phase envisages construction of two berths with necessary facilities. The capacity of the passenger terminal during the high season is supposed to make 12,000 passengers per day. It is planned that the city budget is to get from the terminal at least $25 mln per year, while the federal budget is to get some $40 mln.

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