Russian authorities begin plans to turn city into centre of Russian yachting

St. Petersburg authorities have begun implementing earlier announced plans to turn the city into the center of yachting in Russia and the entire Baltic region.

At least three yachting marinas will be built within the boundaries of the city by the end of 2020 on the sites of the Yantar port, the Baltic Coast yacht club and Kanonersky Island.

Their combined capacity will be 900 boats and yachts.

In addition to yachting infrastructure itself, the local government, along with private investors, will be funding the building of hotels, restaurants and other similar entertainment infrastructure, close to the planned marinas.

Local authorities also plan to finally simplify the visa regime and to begin actively promoting the ’boating image’ of St. Petersburg internationally - the local government has already reached an agreement for a Tall Ships’ Races sailing regatta in the city in 2021.

The plans to make St. Petersburg a new center for yachting in Russia were first announced last summer. In addition to establishment of the necessary yachting infrastructure, they involve the attraction of approximately 8,000-10,000 foreign, and 3,000-4,500 domestic boaters over the next 4-5 years. According to calculations of St. Petersburg regional authorities, that would bring the city’s economy more than RUB 3 billion (US$50 million) of annual revenue a year.

The volume of investments in the project is estimated at RUB 3 billion, while its payback period will be 8 years.

This year’s St Petersburg International Boat Show in Russia was one of the largest in terms of the number of visitors and participants. Some 65 boats and yachts of various lengths (primarily from 5m-25m) were displayed at the show, which ran from September 5-8