PARNAS leader attacked during march in Nemtsov’s memorySociety & Culture February 26, 16:59
Donetsk water purification station recaptured from Ukrainian radicalsWorld February 26, 15:24
Russian skiers Ustyugov, Kryukov win team sprint at World ChampionshipsSport February 26, 15:23
Opposition activist Dadin sentenced for disorders at rallies leaves jailRussian Politics & Diplomacy February 26, 12:58
Aerospace Force chief says Russian army to get new combat jets and helicoptersMilitary & Defense February 26, 11:15
Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Where to watch unique solar eclipse and spectacular ‘ring of fire’Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
SHANGHAI, May 20 /ITAR-TASS/. Russia-China Investment Fund (RCIF), established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), will invest some 400 million U.S. dollars in the construction of the first bridge across the Amur River, RDIF Director General Kirill Dmitriyev said.
The first on the Russian-Chinese border railway bridge crossing on the Amur River will have the traffic capacity of up to 21 million tonnes per year and will link Russia’s Jewish Autonomous Region with China’s Heilongjiang Province, cutting the cargo transportation route by 700 kilometres. The bridge construction will create a new export corridor between Russia and China and remove infrastructure restrictions from the development of new deposits in Siberia and the Far East.
The agreement will be signed within the framework of RF President Vladimir Putin’s working visit to China.
Heilongjiang Province, having an almost 3000-km long border with Russia, already accounts for 25% of foreign trade turnover between the two counties and for about one-third of the total volume of investment co-operation.
In 2014, the Russian Direct Investment Fund is planning to attract about 33 billion roubles (955.9 million U.S. dollars) of foreign investments to the Far Eastern projects. This is almost twice as many as in 2013. As for the investments already made, the figure has exceeded 22 billion roubles (637.3 million U.S. dollars) of which 6.1 billion (176.7 U.S. dollars) came from the Russian Direct Investment Fund and 16.3 billion roubles (472.1 million U.S. dollars) were provided by foreign investors. Russia has attracted more than 60 billion roubles (1.7 billion U.S. dollars) by co-operation with the sovereign funds in Japan, China and South Korea.