RZhD OJSC investments into development of railway infrastructure of Ust-Luga port to make over 14 billion rubles by 2010
RZhD OJSC has developed a program for development of Ust-Luga port railway infrastructure by 2010 to cost over 14 billion rubles. According to PRIME-TASS, this information has been provided today at the press conference by Viktor Stepov, head of Oktyabrskaya Railways (OzhD – branch of RZhD OJSC). Our development program includes the project for improvement of approaches to Ust-Luga port, he said in particular.
According to Stepov, the investments into Ust-Luga port development amounted so far to 1.5 billionrubles. RZhD OJSC invested into construction of the northern railway yard for the yet-to-be-built Luzhskaya port station with 5 receiving-departure yards and the southern yard for servicing of ferry complex with 3 tracks; as well as into repair of Veimarn-Kotly and Kotly-Koskolovo runs and commissioning of Kotly2 – Koskolovo link. By 2010 it is planned to invest over 14 billion rubles into development of Ust-Luga port, including 5.4 billion rubles in 2007, 6 billion rubles in 2008 and 2.8 billion rubles in 2009. These investments are planned to be spent for integrated reconstruction of Mga - Gatchina - Veimarn line. It is also planned to start construction of Luzhskaya procedure-port station with receiving-departure and marshalling yards.
As Stepov noted, the terminals are being constructed to the costs of investors. Ust-Luga port has good perspectives since it is a rival for other Baltic ports. He also said that RZhD plans to become a shareholder and a member the port’s Board of Directors. We also intend to form a joint venture with Ust-Luga OJSC for maintenance and attraction of investments, he added.
As Stepov noted, the terminals are being constructed to the costs of investors. Ust-Luga port has good perspectives since it is a rival for other Baltic ports. He also said that RZhD plans to become a shareholder and a member the port’s Board of Directors. We also intend to form a joint venture with Ust-Luga OJSC for maintenance and attraction of investments, he added.
