Throughput of Russia’s seaports expected to grow by 3% to 850 million tonnes in 2019

Throughput of Russia’s seaports is expected to grow by 3% to 850 million tonnes in 2019, IAA PortNews correspondent cites Serik Zhusupov, Executive Director of the Association of Commercial Sea Ports, as saying at the conference held in the framework of Transport Week in Moscow.

According to him, the capacity of Russian seaports is estimated at 1.15 billion tonnes.

Yury Tsvetkov, Deputy Minister of Transport – head of Rosmorrechflot (Federal Marine and River Transport Agency), said in his turn, that investments in seaports under the comprehensive plan for upgrading and expanding core infrastructure will total RUB 900 billion with federal allocations accounting for 25% of that amount.

Serik Zhusupov says it is necessary to deregulate stevedoring companies, introduce amendments into the Water Code in the part of locating storage facilities for mineral fertilizers, provide tax privileges for investors financing border check points, update regulatory framework in the part of designing and building port infrastructure facilities.