BOD of NCSP adjusted the company’s development concept till 2018

The Board of Directors of Novorossiysk Commercial Sea Port (NCSP) adopted the concept of the company’s development till 2018, the investment in the business of the group of companies will be RUB 30.9 billion in five years, the “Kommersant” newspaper writes.

At the same time, sources of the newspaper noted that the document “has a presumptive character”. It is planned to invest RUB 4.8 billion in 2014, RUB 7.4 billion and RUB 9.6 billion in 2015-2016.

“The investment provision for 2014 is our funds. It is difficult to make a forecast about 2015. Perhaps, we will need a loan, but this issue will be worked over in early 2014,” said Yuri Matvienko, CEO of NCSP, in his interview with thenewspaper.

Funds will be invested in the extension of container terminals in the ports of Novorossiysk and Baltiysk, a complex reconstruction of the Sheskharis oil terminal, the construction of a mineral fertilizer terminal in Novorossiysk, and fleet renewal.

Sources of the newspaper said that a full-fledged reconstruction of the Sheskharis oil terminal is still a matter for discussions.

Adapted from