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Chinese businessmen may invest in Russia's Primorye railroads — governor

July 04, 17:09 UTC+3 VLADIVOSTOK
International transport corridors in the region will save up to $1 bln
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© Yuri Smityuk/TASS

VLADIVOSTOK, July 4. /TASS/. Russia’s Primorye Governor Vladimir Miklushevsky did not rule out potential participation of Chinese investors in the construction and modernization of railroad infrastructure in the region.

"I think this is possible and we’re ready to thrash it out. We’re already in talks with Chinese partners on their potential investment in transport corridors Primorye-1 and Primorye-2," he said, adding that "the issue of attracting (Chinese) investments in railroad infrastructure may also be raised."

International transport corridors will save up to $1 bln

Minister for the Development of the Russian Far East Alexander Galushka said Russia may save up to $1 bln in case the projects of international transport corridors Primorye-1 and Primorye-2 aimed at binding the ports of the Primorye Territory with China.

"More than $1 bln will be saved (if projects are implemented - TASS), according to McKinsey estimates," he said, adding that the estimation has been confirmed by the Chinese state committee on development and reforms.

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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