Sea Port StPb earmarked in Q1 RUB 45,5 million for modernization, a fourfold increase
JSC Sea Port St. Petersburg (Seaport StPb) in January – March 2016 invested RUB 45,5 million for development, modernization program, which is four times as much as was spent on the same program a year earlier, the stevedoring company said.
The funds were largely spent on the modernization of storage facilities of First and Second cargo areas of the port. The investment will help increase capacity of Seaport StPb and to expand the range of cargo handled.
Besides, the company purchased equipment for handling and moving ferrous and non-ferrous metals. Seaport SPb invested in overhaul of hot / cold water supply system of port facilities, upgraded the automated smart meter system of electric energy consumption, which will reduce the company's costs.
JSC Sea Port Saint-Petersburg (part of the UCL Port, a stevedoring division of the international transportation group UCL Holding) is the largest operator, providing ranged services for handling of all types of dry bulk cargo in Big Port St. Petersburg. The company operates state-of-the-art multipurpose terminals for general and dry bulk cargo, a dedicated Ro-Ro terminal and container terminal. In 2015, the stevedore company handled 7.9 million tonnes of different cargoes.
