OREANDA-NEWS. On 09 June 2008 was announced, that UC RUSAL, the world's largest aluminium and alumina producer, and Ust-Luga Company, the developer of Ust-Luga trade sea port, signed a memorandum of cooperation to construct a trans-shipment complex. The complex will consist of two terminals designed to transport aluminium and alumina at Ust-Luga trade sea port located in Leningrad oblast. UC RUSAL will invest over USD 300 millions in the project.

The parties plan to launch the complex by 2011 with an initial shipment capacity of 2.5 million tonnes of alumina and 2 million tonnes of aluminium. The capacity of trans-shipment complex could be further increased to 4.5 million tonnes of alumina and 3.5 million tonnes of aluminium.

The project will become the first step for UC RUSAL in implementing its strategy to create its own special port capacities, which will enable effective trans-shipment of raw materials and finished products following the company's plans to increase production. The complex will be equipped in accordance with the best international standards, including environmental requirements.