NCSP launches first phase of modernisation programme

  • Russian terminal operator will release documentation outlining planned development projects in the coming months

Novorossiysk Commercial Sea Port Group (NCSP), Russia’s largest terminal operator, has announced that it is set to launch Phase I of its Novorossiysk Commercial Sea Port Modernisation Programme.

The announcement follows the signing of an agreement between the NCSP companies operating at the Port of Novorossiysk and the Federal Enterprise Rosmorport to cooperate on design and engineering works as part of the programme.

NCSP Group will launch Phase I of the program, which will outline planned project developments, in the coming months this year.

“This new agreement facilitates development of the port’s marine infrastructure, including projects documentation for dredging and construction of new cargo terminals,” said acting CEO of PJSC NCSP Yuriy Matvienko.

“Implementation of these projects will enable NCSP Group to handle bulk carriers up to 100,000 tonnes deadweight, and container ships up to 6,000 TEU capacity.”

In March this year, NCSP Group presented its Master Plan for development through 2020, which has since been approved by the PJSC NCSP Board. This document became the basis for preparation of a declaration of intent on investing in NCSP Group construction projects. The Ministry of Transportation of the Russian Federation approved the declaration at a meeting chaired by deputy minister of Transportation Victor Olerskiy at the end of 2012.

The Group will conduct c tenders together with the Russia’s Federal Agency for Sea and River Transportation to select a contractor for the development of the documentation.

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