The United Shipbuilding Corporation (USC) and the government of St. Petersburg are preparing to sign a strategic agreement on a large-scale modernization of «Severnaya Verf». The project, presented at SPIEF-2025, involves not just updating facilities, but creating a fundamentally new shipbuilding complex.
According to Andrey Kostin, Chairman of the Board of Directors of USC, the new shipyard will «exceed the existing infrastructure in terms of production volume by several times.»
USC is signing an important agreement with the government of St. Petersburg on the actual reconstruction, I would even say the construction of a large «Severnaya Verf». A completely new shipyard will be built on the site of the current one, which will exceed the volume of production many times over.
«Severnaya Verf» is one of the leading shipbuilding enterprises in Russia, which builds warships and commercial vessels for various purposes. The USC enterprise was created in accordance with a presidential decree in 2007. All of its shares are federally owned. Since August 2023, USC has been managed by VTB Bank.
Read more on the topic:
Income from VTB shares in 2024-2028 will be used to develop the shipbuilding capacities of USC
A new ice patrol ship of project 22120 for the FSB of Russia has been launched
