Allocations of Multipurpose Transshipment Complex (Ust-Luga) for port infrastructure development totaled RUB 36.7 mln in QI'14

In January-March 2014, Multipurpose Transshipment Complex LLC (MTC) allocated RUB 36.7 mln for port infrastructure development, the company’s press center says.

The core volume (RUB 33.9 mln) was allocated for renovation of the handling equipment and activities aimed at expansion of MTC production capacity. RUB 2.8 mln were allocated for lease payments under the technical upgrading programme.

Multipurpose Transshipment Complex LLC (part of UCL Port –stevedoring division of the international transportation group UCL Holding) is a cargo terminal at port Ust-Luga (Leningrad region) specializing in accepting and storing as well as export/import shipment of general and dry bulk cargo. In 2013, MTC LLC handled 3.5 mln t of cargo.