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Eastern Economic Forum

Over $3.1 bln needed to implement transport corridor projects in Russia’s Primorsky Region

Projects will be presented at the East Russia Economic Forum in September 2015

© ITAR-TASS/Yuri Smityuk

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

MOSCOW, August 12. /TASS/. Over 200 bln rubles ($3.1 bln) are needed to implement Primorye-1 and Primorye-2 transport corridors project, Russia’s Deputy Prime Minister and Presidential Plenipotentiary in the Far Eastern Federal District Yuri Trutnev said on Wednesday.

"The projects are largely at the discussion stage because fairly huge amounts of funds are needed - 172 bln rubles ($2.7 bln) for Primorye-1 and about 30 bln rubles ($466.3 mln) for Primorye-2. We believe it is not proper to allocate such funds from the budget," Trutnev said.

"Both transport corridors must become an alternative option to existing motorways," the deputy prime minister said. "It should be done so that Primorye-1 and Primorye-2 are interesting for investors," he added.

Projects will be presented at the East Russia Economic Forum in September 2015. "Transport corridors must be presented as clear, transparent and viable investment projects. We still have to hear investors’ opinion regarding the corridors but I think all the opportunities are in place to start their construction in 2016," Trutnev said.

Primorye-1 transport corridor will connect Chinese border city Suifenhe, Russia’s Grodekovo railway station, border district of Primorsky Region and ports in Eastern Russia.

Primorye-2 will connect Posyet, Zarubino and Slavyanka ports in the southwestern part of Primorsky region with China’s provinces.

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Transport Far East Eastern Economic Forum

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