PRESS: Lisin to invest 29 bln rbl in own transport infrastructure

MOSCOW, Sep 28 (PRIME) -- Companies of businessman Vladimir Lisin including steelmaker Novolipetsk Steel (NLMK), shipping operator UCL Holding and its part Freight One are ready to invest 28.6 billion rubles in development of own transport infrastructure, Vedomosti business daily reported on Friday citing the firms’ joint presentation.

According to the presentation, NLMK is national railroad operator Russia Railways’ fourth largest client in volume terms and fifth largest in monetary terms. In 2017, it delivered 65 million tonnes of cargoes via railways and paid 38 billion tonnes for the services.

Now NLMK is ready to invest 4.9 billion rubles in its own infrastructure to raise shipments via Russian Railways by 3.1 million tonnes annually until 2021 which may increase the state company’s contributions to the federal budget by 1.3 billion rubles.

UCL Port is to invest 23.718 billion rubles in transshipment capacities to boost imports and exports by 16.6 million tonnes.

(65.8355 rubles – U.S. $1)

End