A meeting of Governor of St. Petersburg of Valentina Matvienko and private investor, Chairman of Board of Directors of "Novolipetsk Metallurgical Plant", Doctor of Economics, professor, the President of the Shooting Union of Russia Vladimir Lisin.
Photo: Mikhail Razuvaev
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Vladimir Lisin Will Spend 8 Billion Rubles in St. Petersburg…
// …for building new terminals in the local seaport
The owner of Novolipetsk Metallurgical Plant (NMP) Vladimir Lisin during the meeting with governor of St. Petersburg Valentina Matvienko for the first time official informed municipal authorities about plans to develop corporation Seaport St. Petersburg which belongs to NMP. There are plans by 2010 to build in the port several new specialized terminals—for containers, alumina, mineral fertilizers and liquid cargo. The investment will be 8 billion rubles. Experts call these investments no-lose propositions because each terminal can be sold with a large profit.
According to Sergey Chelyadin, general director of Seaport St. Peterburg, the investment program provided by Lisin considers construction in the port of five new specialized terminals at the same time. The container terminal which first stage will be finished by 2008 will have the capacity of 500,000 20-foot containers, refrigerator terminal—1.5 million tons of cargo and alumina—1.2 tons. The capacity for mineral fertilizers and liquid cargos will be 3 million tons each. The total cargo capacity of Seaport St. Petersburg by 2010 should increase by 46 percent—up to 19.11 million tons a year. It was planned to spend 8 billion rubles for all these projects.
The Seaport St. Petersburg is minority shareholder in three structures, specialized in different types of cargo. For past 11 months the port has passed through 12 million tons of different cargo. The port’s revenue in 2004 was $103 million.
Market participants think that Vladimir Lisin did not make a mistake when he was choosing a business to invest money. “It is no-lose proposition,”Dmitry Vasiliev, Head of the Port of Hamburg Office in Russia, told Kommersant.“ There is enough cargo flow to keep these terminals busy.” Vasiliev thinks that the investment will pay off in 5-10 years, but the each terminal can be sold at any time for a profit.
Ivan Stupachenko, St. Petersburg
All the Article in Russian as of Dec. 15, 2005
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