RUSSIA PORT SAFETY
January 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development is lending US$5.4 million to the Maritime Port Authority of St Petersburg to fund the construction of a maritime navigation safety system in the main Russian sector of the Baltic Sea, where a future surge in tanker traffic is anticipated. The aim is to bring the area's sea-lane controls up to international safety standards, preventing collisions and other accidents that could wreak expensive and devastating environmental damage to the Gulf of Finland. This particular loan will allow Russia to ...
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