Independent journal on economy and transport policy
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The terminalista group Middle Eastern Gulftainer will invest in the development of the Russian port of Ust-Luga
It will be constituted joint venture with Ust-Luga Co.
September 20, 2011
The terminalista group Middle Eastern Gulftainer Co. a preliminary agreement with the Russian Ust-Luga Co has signed., which charged society of the construction of the port of Ust-Luga that is situated in the Bay of Luga in the Gulf of Finland, with the scope to collaborate to the ulterior development of the Russian port. The understanding, that the next year will be completed, previews among other things that Gulftainer acquires 25% of the capital stock more an action than joint venture called Transport Logistic Complex JSC that will be constituted by Ust-Luga Co.
The agreement previews that Gulftainer collaborates to the development of the multipurpose terminal Yug-2, that import of new cars of factory), conventional container and goods is dedicated mainly to the traffic of rotabili (, and to the development of the adjacent Warehousing Logistic Center (WLC). The investment previewed by the society of the United Arab Emirates will pile at least 192 million euros.
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