The volume of investments into the development of railway approaches to LUKOIL II will amount to 600 mullion roubles
The first Vice-President of RZHD OJSC, Vadim Morozov held a meeting with the representatives of LUKOIL II RPK (distributive- transhipment complex) concerning development of railway approaches and attraction of investments. As the press-service of RZHD OJSC reports, according to Vadim Morozov, the minimal volume of necessary investments into development of approaches to LUKOIL II RPK for providing of transportations of oil products in the volume of 10-12 million tons a year is equal to 600 million roubles, and taking to attention the increasing volumes of transportation of coal in the port of Vysotsk totaled approximately1 billion roubles. Vadim Morozov reminded that RZHD has already forwarded more than 30 billion roubles on the development of the St.-Petersburg railway junction and distant approaches to the seaports of the Northwest region that allowed providing of transportation of all volumes of cargoes in the seaports for 2004-2006.
Let us remind you, transportation of oil and oil products to Vysotsk station of October Railway - branch of RZHD- to LUKOIL II began since 2004. According to the agreement signed in December 2004 between RZHD and LUKOIL OJSC, since January 1st 2005 RZHD was guaranteed the providing of transportation of 7 million tons of cargoes a year. In 2004-2005 LUKOIL OJSC invested 300 million roubles into the development of near port infrastructures of LUKOIL II RPK, RZHD - 203 million roubles. In particular, 41 km of connecting roads were constructed and electrification of sites of railway was fixed. It allowed providing in 2005 the declared volumes of transportation of oil (7 million tons) on LUKOIL II. In July 2006 the LUKOIL Oil Company will commission the third turn of a complex on shipment of oil products in Vysotsk. In particular, it is planned to commission an additional tank farm for oil and oil producst. As a result the general tank capacity will make up the oil terminal to 460 thousand cubic meters, and capacity will increase up to 12 million tons a year.