NCC to start construction of Ust-Luga container terminal April 12
On April 12, 2007 National Container Company (NCC) will start construction of sea container terminal in the port of Ust-Luga. It is to become the largest terminal in Russia, CIS and Baltic states. The terminal’s design capacity is 3 million TEU with further increase to 6 million TEU per year, the company’s press center reports. National Container Terminal plans to invest $800 million into the terminal’s development. The project’s prime contractor is Sochimorstroi LLC. The construction is to start from building of a pile foundation for two berths. The berths with a total length of 440 meters will be built simultaneously. Their finalization is scheduled for December of the current year.
The terminal is to be the largest object in the port of Ust-Luga. It will meet growing demand for transshipment of Russian containerized cargo at the Baltic Sea and will decrease dependence of Russian consignees from the ports of Finland and Baltic states.
The budget is supposed to get about $1 billion in taxes from the terminal’s operation throughout the period till 2020.
National Container Company is the leader at the market of container transshipment in Russia and Ukraine. It controls 43% of CIS market of the corresponding segment. As for operations turnover, NCC is the 22nd –23rd in the world rating of major container terminal operators. Besides NCC ranks among 10 largest terminal operators concerning final transshipment though it does not handle transit containers of the third countries. Besides the Ust-Luga project NCC manages the following projects: First Container Terminal (port of St. Petersburg, 1 million TEU per year), Novorossijsk Container Terminal (NUTEP, port of Novorossijsk, current capacity of 130 thou TEU), Iljichevsk container terminal (Ukraine, current capacity of 450 thou TEU).
Land-based logistics center and container terminal Shushary (Leningrad region) with a design capacity of up to 400 thou TEU per year at the territory of 92 hectares. As of today, the company’s shareholders are First Quantum and FESCO transport group (FESCO’s control stock is owned by Industrial Investors Group).
Sochimorstroi LLC is a subsidiary of Transstroi engineering company LLC. Sochimorstroi has built facilities in the ports of Ust-Luga, Primorsk, Zhelezny Rog, Sochi.