Russia’s Sea Port of St Petersburg is set to invest 1.1bn rubles (€27.7m) in the modernisation of its cargo terminals and port infrastructure, as part of a wide-ranging development programme.
At the beginning of 2011, the sea port, which is owned by the largest group of stevedoring companies in north western Russia, transferred 470m rubles (€11.8m) for the construction of railway tracks and facilities at St Petersburg’s First and Second cargo areas.
In a statement, the port said the works would ensure the uninterrupted flow of trains and the modernisation of cranes at the site.
Looking further ahead, the group of handling firms plans to build additional storage facilities for containers, the company said.
