ST. PETERSBURG, June 10. /TASS/. The planned commissioning period for the new shipyard project in Russia is 2031-2032, Russia’s Deputy Minister of Industry and Trade Viktor Evtukhov told TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"The decision on the location of the new shipyard will be made based on further comparative analysis, taking into account all risks and limitations of the sites that affect the feasibility, timing, and cost of the project. The estimated project implementation period is 2031-2032," he said.

The United Shipbuilding Corporation (USC) is considering St. Petersburg, the Leningrad, Murmansk, and Arkhangelsk regions as potential sites for the construction of a new shipyard. A decision should be made in September 2024, Evtukhov added. The capacity of the new Russian large-tonnage shipyard may reach up to 12 ships per year, and it is planned to build transport ships there, he noted.

Earlier, Head of VTB Andrey Kostin said that the bank wants to build two new shipyards in five years: one in the Far East and the second - in the North-West of Russia.

The St. Petersburg International Economic Forum (SPIEF) was held on June 5-8. This year’s theme was "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." SPIEF was organized by the Roscongress Foundation. TASS was the information partner of the event.