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Russia’s Primorsky Territory sign several major contracts at APEC summit

September 08, 2012, 16:42 UTC+3

Governor Miklushevsky did not rule out that more agreements might be signed after the APEC summit

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VLADIVOSTOK, September 8 (Itar-Tass) —— Russia’s Far Eastern Primorsky Territory has fulfilled its task it set for the APEC CEO summit in Vladivostok, governor Vladimir Miklushevsky said on Saturday. The territory’s delegation presented a number of major projects and signed several contracts.

“The major results of our work are agreements signed between the Primorsky Territory administration and Vnesheconombank, Japan’s biggest Bank of Tokyo-Mitsubishi UFJ, the Russian Direct Investment Fund and Alexander House OAO,” he said. The agreements, in his words, are of systemic nature. “They provide for the development of long-term and efficient cooperation based on principles of partnership between the state and private businesses and aimed at solving the territory’s priority tasks, including in the social sphere, such as the construction of affordable housing, motor roads, and creation of new jobs,” he said.

Miklushevsky did not rule out that more agreements might be signed after the APEC summit. “Investors will scrutinize our projects. Investing requires a thorough approach and time,” he stressed.

The delegation of the Primorsky Territory presented 20 priority investment projects, the bulk of which was aimed at the development of the logistics and port infrastructure, promoting tourism, encouraging car assembly, small aviation, the development of agriculture, the ship-building and oil and gas sectors.


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