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Printed from: http://petersburgcity.com/news/business/2003/12/10/ADMIRALTY/ Business news, 10.12.2003 17:29 Admiralty Wharves Plans to Invest USD 40 Million in Reconstruction in 2004![]()
Admiralty Wharves Development Department head Yuvinaly Karpenko said earlier that it was necessary to invest approximately EUR 300 million in the re-equipping of the company by the end of 2010 including EUR 60 million on the production complex of special military ships and EUR 238.2 on commercial ships. Admiralty Wharves specializes in constructing submarines, commercial ships and oil platforms. The company has built 298 submarines including 41 with nuclear submarines.
News source: www.rosbaltnews.com
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