St. Petersburg to have a new plot for construction of New-Admiralty Shipyard
The Russian Defense Ministry is set to hand over to St. Petersburg a plot of land, owned by the Ministry, which will be allocated for the construction of New Admiralty Shipyard, the project managing company said.
The Management Company for the New Admiralty Shipyard Construction LLC said the handover order has been signed by Defense Minister Anatoly Serdyukov.
According to the order, the Ministry of Defense will turn over from the federal ownership to the city a plot of land (with a workshop and quarters) of 73,5 hectares in Kronstadt.
By the end of 2012 this site together with other plots encompassing nearly 150 ha will be transferred to the developer Management Company for the New Admiralty Shipyard Construction LLC.
The agreement with the Ministry of Defense is very important for the New Admiralty shipyard project implemented by United Shipbuilding Corporation. This step eliminates the need for costly and time-consuming reclamation of similar-sized area in the Gulf of Finland.
"This decision question dramatically reduces the cost of the project," CEO of Managing Company Alexander Voznesensky said, adding that
the decision would not have been possible without the support of Russian Deputy Prime Minister Dmitry Kozak and St. Petersburg Governor George Poltavchenko.
The project for construction of super-modern, high-tech New Admiralty Shipyard capable of building 200DWT vessels is a major infrastructure project of USC. The shipbuilding facilities will be constructed on the territory comprising 150 hectares of the Kotlin island and 150 ha of the Gulf of Finland. The new shipyard will be specializing in construction of ice-class tankers and LNG carriers, offshore ice-resistant fixed drilling rigs, icebreakers, floating nuclear power plants, major combat ships and diesel-electric submarines.
The projected annual revenue is estimated at RUB 38 billion, with expected tax revenue channeled to the budget of St. Petersburg at RUB 3.5 billion. The shipyard with the total number of 6,500 employees is expected to process 120 tons of steel a year. The facilities construction is scheduled for late 2012. The project first phase completion is expected in 2014, The second phase - in 2015, the third - in 2016. The shipyard is set to launch its first newbuild, an LNG carrier for Gazprom’s Shtokman deposit, in 2016. Payback period - 2018.
