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Eastern Economic Forum

Projects worth more than $8.3 billion to be discussed at Eastern Economic Forum

Far Eastern city of Vladivostok TASS/Yuri Smityuk

Far Eastern city of Vladivostok

© TASS/Yuri Smityuk

BEIJING, July 30. /TASS/. Investors and Russian authorities will discuss around 200 projects worth more than $8.3 billion in the framework of Eastern Economic Forum in Vladivostok in September, deputy minister for development of the Far East Maksim Shereykin said on Thursday.

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"I don’t remember the exact sum, but it will be around something like 500 billion rubles [$8.37 billion at the current exchange rate]. This is the aggregate worth of these projects," Shereykin noted.

Investors will discuss on projects of different scale at the Eastern Economic Forum, he said. "There will be small projects from 200 million rubles [$3.35 million] and big projects, for instance a bridge across the Lena River which is worth several billion rubles," the deputy minister added.

More than 1,300 people have already registered to take part in the forum.

In May, Russian President Vladimir Putin signed a decree to hold the annual Vladivostok Eastern Economic Forum on September 3-5. The decree states that the decision on the forum was made "in order to facilitate the accelerated development of the Far East and the expansion of international cooperation in the Asia-Pacific region.".

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