You're reading: Crimean parliament nationalizes cargo port in Kerch

Simferopol - The Crimean State Council nationalized the Kerch-based cargo port Kamysh-Burun belonging to the Ukrainian financial-industrial group Altcom on Friday, the council's press service reported.

The Kamysh-Burun port specializes in bulk cargo. According to Altcom’s official website, the port’s capacity is up to 100,000 tonnes of cargo a month. The port has four berths, its own railway station, a locomotive depot with its own fleet of shunt locomotives, and a storehouse.

Altcom planned to use the port to transship products of a cement works, which the company constructed near Kerch.

Altcom specializes in the construction and reconstruction of runways, roads, bridges, stadiums, airports, industrial and commercial facilities and residential buildings. The group reported in 2011 that its co-owners were Ukrainian citizens Oleksandr Tyslenko and Serhiy Pavlychev.