Summa News

Latest news from Summa Group 2014

Summa News May 2014 Part 2
Stroynovatsiya Renovating Vladikavkaz Airport
Summa Group subsidiary, Stroynovatsiya, is the only eligible tender applicant under the
Administration of Civilian Airports of the Federal State Unitary Enterprise (FSUE) to
renovate the Vladikavkaz airport in North Ossetia, Russia.

Four other companies also submitted applications to apply for the tender but their bids
did not meet the tender document requirements.
Stroynovatsiya offered the budget of just over 1 704 678 072.18 rubles, with a maximum
purchase price of 1 843 220 770.88 rubles.

Summa News May 2014 Part 2
The commission declared the
other under budget applications as
invalid and entered into a contract
with Stroynovatsiya.

The Vladikavkaz International
Airport was founded in 1993 and
will be upgraded over the next few
years.
Vilyay River Gains New Quay
In YATEC news the village of Kysyl-Syr, situated in the Vilyay District, recently gained a new
quay on the banks of the Vilyay River which is already in service. The facility was
constructed under the order of Yakutsk Fuel and Energy Company.

The new installation now allows the quantity of methanol being brought in to be doubled.
It also allows gas condensate to be shipped out to feed boilers in the Arctic branches of
the state unitary enterprises in the Republic of Sakha.
Summa News May 2014 Part 2
The main function of the quay is to pump, receive oil products
and equipment from barges, and unload all types of bulky cargo
and construction materials. The quay consists of two quay walls
and a product pipeline that links the walls to a tank farm 4 kms
away.

The quay is also an important link in the transportation system
as it allows the reception of goods to be supplied to the
residents of the Vilyay district, uninterrupted, during the
shipping season.
About Summa Group
Summa Group specialises and invests in port logistics, engineering, construction, oil and
gas sectors as well as telecommunications. Summa Group is a diversified private holding
that comprises of more then 10 000 people in 40 regions of Russia and abroad.

Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group which
will reach its 10 year anniversary in 2014.
Summa News May 2014 Part 2