Ultramar Ltd intends to develop an industrial and logistics park for storage and handling of mineral fertilizers in the settlement of Vistino not far from Ust-Luga.
An agreement on cooperation on the project was signed between the company’s MD Andrey Bonch-Bruevich and Leningrad Oblast Governor Alexander Drozdenko at the Russian Investment Forum in Sochi.
The territory of the park will make some 22 ha. The planned investment amounts to 16 bn rubles. The project envisages building warehousing facilities and railway infrastructure.