Rus News Journal

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“ Lenenergo “ and the developer “ Port “ invest in substation “ Pulkovsky “

the Main electric networks of Severo - the West, branch of the Federal network company (FSK), in 2010 will construct substation 330 kv “ Pulkovsky “ which will provide with the electric power southern areas of St.-Petersburg. 2 mlrd rbl. will act as investors of the project in cost the developer company “ Port “ and “ Lenenergo “. The company “ Port “ is the partner of bank VTB which in the autumn of last year declared intention to build up 198 hectares on crossing of Pulkovsky and Volhonsky highway. Experts notice that developers are often compelled to invest own means in infrastructural objects, especially if it is a question of projects of complex development of territory.

recently FSK and VTB have signed the agreement on substation building “ Pulkovsky “. According to the assistant to the general director on development and mutual relations with clients of the Main electric networks of Severo - the West (MES Severo - the West) Victor Lukomsky, substation will be under construction at the expense of collection of a payment for joining, investors of the project will act the developer company “ Port “ (bank VTB partner) and “ Lenenergo “. Substation 330 kv “ Pulkovsky “ will provide with an electrical supply of attached consumers of a recreation centre “ Port “ and new inhabited quarter in a southern part of Petersburg.

according to MES Severo - the West, “ Pulkovsky “ enters into investment program FSK. Within the limits of object building input 500 MVA transformer capacity is planned. Building of new substation is planned to finish in 2010. The volume of investments will roughly make 2 mlrd rbl. Approximately 70 % of means will enclose a recreation centre “ Port “ the rest - “ Lenenergo “. MES Severo - the West act as the customer of object. Besides, branch FSK will provide building of calling to substation.

in a press - services VTB and “ Lenenergo ­“ comment on the information on substation building could not, in a recreation centre “ Port “ comments have refused. By data the Internet - a recreation centre site “ Port “ the company realises the developer ­ project on development of the ground areas by a total area of 200 hectares in settlement Shushary on crossing of Volhonsky and Pulkovsky highway. Now it is at a stage of working out of the project of a lay-out. The beginning of building of local objects is planned for March, 2009. As the investor of building acts VTB, to which “ by right of succession “ from bank PSB this site has got. Earlier experts estimated volume of investments into territory development approximately in 2 mlrd dollars

Analysts notice that developers are often compelled to invest own means in infrastructural objects. “ as a rule, in this case investments in project realisation are so great that cost of building of electrosubstation does not render serious influence on project rise in price “ - the director of department of consulting and ARIN Ekaterina Markovets`s estimation speaks.

“ developers of some sites face such problems ­ around KAD, in the territories removed from a city, at redevelopmente the former agricultural ­ sites. Thus investments into an infrastructure are presumed only by very large and skilled developers “ - the head of department of consulting ASTERA St adds. Pεtersburg Evgenie Vasileva.

According to the director for professional work “ Knight Frank St.-Petersburg “ Nikolay Pashkov, all country complexes, including administratively a part of St.-Petersburg and assuming room building, slip from - for absence of capacities. Much of them cannot be carried out basically­. “ for example, on a southern direction, near to Pushkin, it is a lot of farmlands which could be used under development, but just from - for problems with engineering maintenance development of this area is braked “ - he speaks.