OREANDA-NEWS. October 06, 2010. Throughput of the port of Ust-Luga (Leningrad region) is expected to surge in 2010 more than 40% y-o-y, to 15 million tons, General Director of Ust-Luga joint stock company Maxim Shirokov said speaking at the 2nd International Conference "The Future of Russian Ports" in St. Petersburg, PortNews correspondent reports.

In particular, the company plans to transship through its Yug-2 terminal by the end of the year 60,000 cars and the next year - from 120,000 to 160,000 vehicles. Maxim Shirokov said the launch of the second phase of the terminal, Yug-2 is scheduled for late 2010 - early 2011. In addition, construction of a EuroChem’s terminal is projected to begin next year of capacity of 5 million tons a year. Besides, a grain terminal project is also being worked out. According to Mr. Shirokov, 70% of terminals planned in the port have investors. In summer-fall of the next year the first phase of Ust-Luga Container Terminal (investor - National Container Company) is to start operating. Pre-commissioning of the oil cargo terminal of oil trader Gunvor is under way.

Port of Ust-Luga is located on Russia’s border with the EU. The owner and developer of the port project is Ust-Luga Joint Stock Company. The boundaries of Ust-Luga port were established by the Russ. Govt. decree on May 20, 2009. In 2009 Ust Luga port handled 10.3 million tons of cargoes and 1.031 ships (517 inbound and 514 outbound).