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Primoriye interested in Chinese investments - governor

September 13, 2011, 16:19 UTC+3
According to the governor, the legal base for drawing foreign investments has already been prepared in the Primoriye Territory
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VLADIVISTOK, September 13 (Itar-Tass) — Primoriye is interested in Chinese investments into the construction of hotels, sports centers, museums and a film studio. Chinese investors may also be interested in creation of a trechnopark on the Russky Island and a shipyard for the serial production of sea and river craft from composite materials, Primoriye Governor Sergei Darkin said at the first session of a working group on cooperation of Russia’s Far East and Siberia with north-eastern China. The session was held in Yuzhno-Sakhalinsk on Tuesday.

According to the governor, the legal base for drawing foreign investments has already been prepared in the Primoriye Territory. The territory’s lawmakers adopted a law On State Support for Investments and worked out a special programme entitled Improvement of the Investment Climate for 2011-2015. The latter document envisages cooperation with investors and measures to lower administrative barriers in the process of fulfilling projects.

So far 1.5 billion dollars of foreign investments have been made into the territory’s economy. In 2010 their growth totaled 141 percent against 2009. Chinese enterprises are the key partners of Primoriye.

The programme for cooperation between the regions of Russia’s Far East, eastern Siberia and north-eastern China was adopted in 2009. It envisages some key projects, including construction of border checkpoints, cooperation in the sphere of tourism, labor and environmental protection. The working group for this programme is to supervise progress in the implementation of joint projects to ensure the maximum gains for the Far Eastern regions.

The programme currently includes 57 key projects of the regional cooperation from the Russian side and about 100 from the Chinese one. The investment programmes are focused on timber processing, production of pulp, chemical goods, constriction materials, foods, electric energy and its distribution and the extraction of minerals.

On the same list of projects there are the development of the Bering coal deposits in Chukotka, development of the Russian part of Big Ussuri Island, in the Khabarovsk Territory, and creation of an ore mining and smelting cluster in the Amur Region and of timber processing complexes in the Jewish Autonomous Region.


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