Throughput of port Ust-Luga will exceed 100 mln t in 2017. According to IAA PortNews journalist, this forecast was announced by Valery Izrailit, BoD Chairman of Company Ust-Luga OJSC, at the VII annual international conference TRILOGY in Saint-Petersburg.
In 2020, he says, the port can handle 170 mln t of cargo.
Valery Izrailit also says that investments into the port development have totaled RUB 200 including RUB 30 bln of budget resources and RUB 20 bln of Russian Railways OJSC with the rest invested by the private companies.
Company Ust-Luga OJSC coordinates the construction of Ust-Luga seaport being implemented within the framework of the special-purpose programme “Development of Russia’s Transport System” under private-public partnership principles.
Ust-Luga port is situated practically at the border of the Russian Federation and the European Union. The deep water area of the port (17.5 m) together with the short seaway canal (3.7 km) make Ust-Luga port the only Russian port on the Baltic Sea capable of admitting dry-cargo vessels with the deadweight of up to 75,000 tonnes and liquid cargo carriers with the deadweight of up to 160,000 tonnes. In 2012, the port’s throughput totaled 46,612,449 tonnes of different cargoes and 167,380 automobiles. With its full capacity the port is expected to handle 180 mln tonnes of cargo.