United Shipbuilding Corp.: Zvezda shipbuilding complex project valued at RUB 111.7bn
The total cost of the project of a shipbuilding cluster on the basis of Zvezda Shipyard in the Far East is estimated at RUB 111.7 billion ($ 33.9 bn), the United Shipbuilding Corporation (USC) official said, PortNews reports.
USC President and CEO Vladimir Shmakov told the meeting of the Marine Board under the Russian Government in Moscow that to date RUB 18.6 billion have been invested in the project.
The plan of the facility construction has been adjusted from four to three phases. The Phase 1 includes the construction of shops for hulls manufacture and an uncovered slipway; Phase 2 – creation of a dry dock; and Phase 3 - additional dock.
Shmakov added that final investment figures and project deadlines will be determined after completion of development of a comprehensive business plan and project documentation.
The shipbuilding complex was planned to be handed over to a consortium of investors. To do this, "Rosneft" and "Gazprombank" have set up a company. VP of Rosneft Andrei Shishkin, who attended the meeting, has asked the government to expedite the process of project transfer to the trust consortium.
He told the Marine Board that they have prepared relevant documents to the Federal Antimonopoly Service. To authorize the transfer of shares of USC owned Far Eastern Shipbuilding and Ship Repair Centre (Zvezda) to the pool of investors, Russian President should sign a decree. Mr. Shishkin noted that a draft order of such decree should be approved by interested parties before the end of 2013. Deputy Minister of Industry and Trade Minister Alexei Rakhmanov told the Board's meeting that the project implementation is carried out and controlled day and night.
