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Avlita stevedoring company outlines $100 million investment plan
Journal Staff Report

KIEV, March 31 - Avlita stevedoring company (Sevastopol), part of Metinvest Group, has drawn up a comprehensive development program for 2008-2010, which foresees over $100 million in investment, which would allow the handling of general and bulk cargo to 10 million tons, the company announced.

The company said that the comprehensive program will be realized in four directions, among which is works on deepening the sea floor to receive large-capacity cargo vessels with a deadweight up to 140,000 tonnes. The works would allow deepening the channel in the Sevastopol Bay to 17.5 meters deep. In addition, the mooring facilities would be expanded, which would allow receiving vessels like Cape Size of up to 140,000 tonnes displacement, and the moor No. 20 to extend by 150 meters to handle vessels like Cape Size.




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