RE: Motoring now31 Oct 2019 00:10
Maybe something leaked in this forum hence the buying volume???
49 Projects being implemented over 2.7b usd investments...!!!
https://minvr.ru/press-center/news/23706/
Chinese investors are offered to invest in the infrastructure of the Far Eastern Federal District
30/10/2019
Investment opportunities in the infrastructure of the Far East were presented to Chinese partners at the specialized session “Development of the infrastructure of the regions of the Russian Federation in cooperation with foreign partners”, held at the III Sino-Russian Forum of Engineering and Innovation and at the III National China Exhibition of Industrial Equipment and Innovation China Machinery Fair.
As the investment director of the Far East Investment Promotion and Export Support Agency (ANO API) Vasily Potemkin recalled, last year the trade turnover of the Far East with the People's Republic of China increased by 26% and amounted to 9.7 billion US dollars, and according to the results of the first half of 2019 the year’s growth was already 21% - $ 4.9 billion.
“China is one of the main investment partners of the Far East. So, in the TOPs and the free port of Vladivostok, 49 projects are being implemented with the participation of investors from China with a total volume of 2.7 billion US dollars. The share of investments from China is 59.1% of the total number of foreign projects in the zones of these preferential regimes. Another 40 investment projects worth more than 23 billion US dollars are in preparation, ”said Vasily Potemkin.
Among the significant joint projects, he mentioned the development of the Klyuchevskoye gold deposit (the project participant is the China National Gold Group) and the Zashulan steam coal deposit (the project is China Energy) in the Trans-Baikal Territory, the construction of the Nakhodka mineral fertilizer plant (project participant, China Chengda Engineering Co. Ltd), the launch of dairy cattle-breeding complexes (Zhundin Dairy Pharming acts as an investor) in the Primorsky Territory.
“All these large projects need appropriate transport and other infrastructure - roads, energy, related industries, etc. We also invite Chinese companies to consider participating in large-scale infrastructure projects already underway, ”said the representative of ANO IPA.
As emphasized by Vasily Potemkin, the Far East occupies one of the key roles of the port industry of the Russian Federation. The Far Eastern basin accounts for 25% of the cargo turnover of the ports of the Russian Federation. In 2018, more than 200 million tons of cargo passed through the ports of the Far Eastern Federal District, including 57% of coal exports from the Russian Federation. Now in the Far East more than 20 projects for the modernization and construction of ports have been announced. “We assume an increase in the volume of cargo traffic for each type of cargo through the ports of the Far East by 2030.