Investments into infrastructure of Sevastopol seaport to make RUB 7 bln

Joint venture of Rostec and Sevastopol seaport will be a large resident of free economic zone in Sevastopol with investments into infrastructure totaling some RUB 7 bln, press center of Sevastopol Government says.

“It will be engaged in transportation of cargoes under military technical cooperation – products of Rostec and its subsidiaries. … We will provide infrastructure while Rostec will invest into the port development,” Sevastopol Governor Sergei Menyailo said.

Sevastopol Government also mulls cooperation with SevMorZavod, United Shipbuilding Corporation, Sevastopol Aircraft Repair Plant and Russian Helicopters. All in all, there are 20 application for SEZ participation.