February 6 - JSC Sea Port of Saint Petersburg has allocated RUB253 million (USD8.42 million) for the modernisation and redevelopment of its cargo terminals.

The funds will be used in the reconstruction of asphalt concrete pavements at the ro-ro terminal, improved port security systems and for the reconstruction of the port railway tracks. Some of the funds were to service lease payments on the port's fleet of handling equipment.

www.seaport.spb.ru