St. Petersburg Ferry & Cruise Terminal

Lambert Advisory worked with a team of consultants to determine the demand for a joint development of a seven berth ferry and cruise terminal in St. Petersburg, Russia.

PROJECT SUMMARY

St. Petersburg, Russia, one of the world’s most historic cities, could no longer accommodate the growing Baltic cruise and ferry demand with the Neva River, basin. As a result, the city turned to a quasi-public company to reclaim 450 hectares from the Baltic Sea to build a major new cruise/ferry terminal and New Town development area.

Lambert Advisory worked with a team of consultants to determine the demand for the joint development of a seven berth ferry and cruise terminal in St. Petersburg, Russia. Lambert was responsible for determining the structure and scale of hotel, retail, restaurant, and entertainment elements which would be developed along with the cruise port and ferry facilities. Lambert also estimated economic impacts in terms of total output, jobs, and wages on the Russian and St. Petersburg city economy.

Today, the St. Petersburg Vasilievsky Island cruise and ferry terminal is the largest facility of its kind in the Baltic with 7 berthing positions. The terminal is responsible for connecting the city to the remainder of the Baltic Sea which is crucial for tourism and people – to – people commerce.