NCC to invest $160 million into “dry” terminal in Shushary (St. Petersburg) by 2020

By 2020, National Container Company (NCC) plans to invest $160 million into development of the “dry” terminal in Shushary (St. Petersburg), RBC reports quoting Egor Govorukhin, vice-President of National Container Company as saying at the IV international conference Freight-2007: Container Transportation in Russia and the Neighbouring States being held in St. Petersburg. Mr. Govorukhin also said total investments into the project are to make $184.2 million ($20-25 million has already been invested). According to Mr. Govorukhin, the terminal in Shushary will make it possible for First Container Terminal (FCT, St. Petersburg, owned by NCC) to increase the capacity by 200,000 TEU per year to 1.1 million TEU in 2008. It is planned to build a 17-km long corridor between First Container Terminal and the “dry” terminal in Shushary. Thus, containers will be delivered to the terminal directly from the berth. The terminal’s area is to make 92 hectares, design capacity – 4,500 TEU. It is also planned to build a wholesale trading center there (116,000 square meters). The warehouses are to cover the territory of 88,000 square meters. The first phase of the terminal is scheduled to be put into operation in 2008.