During their meeting the Board of Directors of JSC “Sea Port of Saint-Petersburg” adopted the investment program of the development of the group of companies till 2015 and approved the plan of reconstruction of the social assets.


The approved investment program envisages construction of the new car and container terminals and also new transit parking lot for large cargo trucks. It is planned to make a full renovation of the port berths and reconstruct the checkpoints. It is also planned to ensure road connections between the area of the Greater Port and the main highways and carry out the package of environmental measures. The total amount of investments for the realization of this program will amount to 19 bln. Rubles.


By the decision of the Board of Directors shareholders of JSC “Sea Port of Saint-Petersburg” are recommended to adopt the reconstruction program of Sport Shooting Club “Olympiets” in Sosnovka park.


The planned reconstruction of Sport Shooting Club “Olympiets” will make it possible to create the first sport shooting school for children in Saint-Petersburg, which will become the base for training of the national Olympic reserve.


Besides, the Board of Directors recommended to the shareholders meeting of the Company to pay out the dividends in amount of 71 rubles for one ordinary share in accordance with the results of financial year of 2006.


Director’s office on public relations

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