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Business news, 01.04.2008 09:50

Transstroy Opens Company in St. Petersburg

Transstroy Engineering Corporation Ltd, which is part of Transstroy Planning and Construction Holding, has created a sister enterprise to its branch in St. Petersburg — Transstroy Engineering Corporation SPb LLC.

During the last few years, TEC Ltd has successfully built or reconstructed a range of large-scale projects in St. Petersburg and the North West region. These projects include the Congress Palace state complex at Strelna, the Russian State Archives complex, and port facilities complex for the Baltic pipeline network in Primorsk, as well as the trans-shipping distribution base for oil products for export to Europe and America in Vysotsk.

The company is currently working on projects including the flood defense barrier for St. Petersburg, the Sea Passenger Terminal on Vasilyevsky Island and the cargo terminal for refined oil products in the Primorsk port.

The St. Petersburg government and Governor Valentina Matviyenko have lent their support to Transstroy’s decision to move its construction enterprise to St. Petersburg and form its own production base in the region, which will directly contribute to the active development of St. Petersburg’s transport infrastructure. “Transstroy Engineering Corporation Ltd has long been known as a reliable business partner on St. Petersburg’s construction market,” says a letter written by the governor.

“The increased presence and stronger position of Transstroy holding in the North West region is a priority for us right now,” says Alexander Millerman, deputy general director of Transstroy Planning and Construction Company. “The holding is interested in actively participating in private-public partnerships such as the western high-speed link-road, Orlovsky tunnel, Nadex overland express train and reconstruction of Pulkovo airport passenger terminals.”

Mikhail Leontyev, former deputy general director of TEC Ltd, has been appointed general director of TEC SPb LLC.

According to Leontyev, the main tasks of TEC’s St. Petersburg branch will be to create a large construction company in the city. “We already have all the licenses necessary to carry out all kinds of construction work, and have transferred all the branch’s vehicles and mechanisms to the enterprise’s books,” says Leontyev.

TEC SPb LLC plans to increase its own production capabilities in St. Petersburg, enabling the company to work on several major projects at the same time and guaranteeing the quality of its buildings. An office will open in St. Petersburg from which top specialists will be able to make decisions regarding projects in the city, making the construction process more efficient overall.

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