Andrey Lavrishchev, General Director of FSUE "Rosmorport", and Konstantin Goncharov, President of “Novotrans” Group of companies, signed an agreement on cooperation in the realization of the Ust-Luga Universal trading terminal (LUGAPORT) project at the Ust-Luga seaport in the presence of the Minister of transport of the Russian Federation Yevgeny Ditrich. Under the agreement, FSUE “Rosmorport” will create objects of federal property: form the water area, and also install aids to navigation equipment.

The area of the terminal's water area is 98 hectare with Seabed level up to 17.5 m. The total volume of dredging is estimated at 11.5 million cubic meters. This will allow you to process Panamax vessels at the terminal. The capacity of the LUGAPORT terminal, designed for transshipment of bulk, general, grain and food cargo, will amount to 24.3 million tons per year.

“The project will provide, among other things, conditions for reorientation of domestic goods traffic from the Baltic States and Finland,” said Andrey Lavrishchev, General Director of FSUE “Rosmorport”.

“The implementation of the LUGAPORT project will create one of the most modern multi-purpose terminals in the North-West of Russia, handling a wide range of export cargo.  The signed agreement regulates the procedure for interaction between FSUE “Rosmorport” and “Novotrans” holding, which will allow us to start construction of the terminal facilities efficiently and within the planned time,” said Konstantin Goncharov.

The facility is scheduled to become operational by the end of 2024.