Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by CJSC Baltstroy for the dredging and construction of the Bronka Port shipping channel in St Petersburg, Russian Federation. The total value of the contract amounts to approximately EUR 130 million.

The project involves the construction of a 6 kilometer long shipping channel, turning basin and berth pockets for the new port facility 'Bronka' in St Petersburg. A total volume of 16 million cubic meters of clay, silt and sand will be dredged using a wide range of equipment including medium sized trailing suction hopper dredgers, cutter suction dredgers and backhoe dredgers. The project is due to commence in spring 2014 and is expected to be completed late 2015.

Bronka is a new port facility currently being constructed to increase the container throughput capacity in the St Petersburg region. This contract comes in addition to the Bronka port land reclamation contract that was awarded to Boskalis in June 2013, which is currently being executed.

Boskalis' strategy is aimed at benefitting from key macro-economic factors which drive worldwide demand in our markets: expansion of the global economy, increase in energy consumption, global population growth and the challenges that go hand in hand with climate change. This project is driven by increasing global trade.