general and loose cargo. Projected volume of transshipment is 24.3 million tons per annum, processing volume — 1100 carriages per day. According to the plan, construction will be executed in 3 phases and is scheduled to be completed by 2024. In January 2020, the JSC "Company — Ust-Luga", which was founded in 1992 for the project execution of the sea trade port Ust-Luga, joined the holding. The president of the Novotrans holding, Konstantin Goncharov, is a member of the RTOU panel, member of the executive board of the Russian Union of Industrialists and Entrepreneurs (RUIE/RSPP), chairman of the RUIE commission on sports industry, RUIE sector head of the development of non-public railway transport. Within the framework of RUIE Novotrans supports the operation of Russian-Greek cooperation and investment council under RUIE. The company finances the charity fund Novotrans-5P, which acts as a custodian of orphanages and care homes, provides support to gifted children, supports memorial projects related to The Great Patriotic War (search units, reburial initiatives, etc.). Economic performance Annual cargo turnover of Novotrans carriages is approximately 146 billion tonne-kilometres. Over 70,000 carriages are serviced, overhaul is conducted on over 80,000 wheelpairs. In 2019, over 30 million tonnes of cargo were transported, cargo turnover amounted to 129 billion tonne-kilometres. Forecast market cost of the holding assets at the year-end of 2019 was 70 billion rubles, revenue – over 40 billion rubles. The company claims that it was capable of doubling its own assets. In August 2019, the holding was assigned a ruA credit rating with "stable" forecast by the credit rating agency Expert RA. References Transport companies of Russia