NCSP ties to $73m debt facility
Novorossiysk Commercial Sea Port (NCSP) hassigned debt facilities to the tune of $73m withSberbank, the Savings Bank of the Russian Federation, to finance thedevelopment of new cargo handling facilities.
The financings are part of the overall investment programme of up to $700m being undertaken by NCSP to upgrade facilities and increase capacity at the port.
In related news, the port has completed a new
and fuel transfer complex, adding 600,000 tonnes of fuel oil and 48,000 tonnes of diesel fuel to the port’s capacity.
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