Port assets on the territory of Saint-Petersburg Big port are put up for sale

The Russian auction house (RAD) is preparing for sale 100% blocks of shares of a group of companies owning OJSC “Baltiyskiy sudomekhanicheskiy zavod” (BSMZ).
BSMZ owns land plots of total area of 6.4 ha, mooring line of 654 m, railway  over 3.2 km long and engineering infrastructure (connected facilities of 4 110 kVA) and long-lease land plots of total area of 5.2 ha.
Works property is situated at address: 26 (building 5), road to Turukhtanniye islands. .
Initial price – 120 million USD.

The object’s owner worked out in details two concept of developing this territory:
- construction of container terminal of annual transfer about 0.5 million TEUS;
- construction of oil-loading terminal of annual transfer about 5 million tons.

Preliminary auction date – end of the first quarter of 2015.