Source Pravda.Ru

President's Plenipotentiary: Ust-Luga container terminal important for Russia

The new container terminal project in Ust-Luga is a major priority not only for the Northwest region but also for Russia as a whole, said Presidential Plenipotentiary in the Northwest Federal District Valentina Matvienko at a conference entitled 'Russian-German cooperation in the area of development of an international transport corridor 'North-South' in the Russian maritime register of shipping' on May 23.

According to Rosbalt an intention was stated at the conference to construct a container terminal. Leading European transportation company Eurogate of Germany will participate in the project, and will become a large foreign investor in the Russian port branch. National Container Company will represent the Russian side of the joint project. The terminal will cost USD 500 million. 'The emergence of European companies in Russian projects is a good indicator of the economic and political stability in Russia,' said Matvienko.

Comments
Japan ratifies agreement to supply weapons and ammo to warring states
Russia to ban capture of killer whales and belugas in 2019
Russia to raise sunken floating dock
Why Trump tries to re-industrialize America
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin dislikes the idea of US army bases coming to Kuril Islands
Argentina hides the truth about the death of San Juan submarine
USA plays to pretend a mighty dragon that can no longer breathe fire
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse
Argentina hides the truth about the death of San Juan submarine
Moving inexorably towards war
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy