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RDIF, Chinese partners eye investment projects worth $120 bln

It is noted that the RDIF furnishes recommendations on removing barriers to projects in Russia and China within the framework of its operation and uses competencies in the sphere of direct investments and project financing to promote the commission’s projects and fundraising

MOSCOW, November 24. /TASS/. Key officials from the Russian Direct Investment Fund (RDIF) participated in the 9th annual meeting of the Russian-Chinese Intergovernmental Commission on Investment Cooperation, the RDIF said on Thursday.

The commission and the consultative committee of businessmen established within its framework are considering more than 70 projects to the tune of over $120 bln, the RDIF said. As co-chair of the committee, the RDIF is acting as a coordinator for gathering, analyzing, structuring and implementing projects and is a link in the development of bilateral economic and financial relations.

"The Committee is a unique platform for business communication between the two countries and an effective tool for stimulating investment cooperation. The RDIF furnishes recommendations on removing barriers to projects in Russia and China within the framework of its operation and uses competencies in the sphere of direct investments and project financing to promote the commission’s projects and fundraising," the RDIF noted.

The Fund highlighted the opening of traffic, in November 2022, on the first-ever railway bridge over the Amur River connecting Nizhneleninskoye in the Jewish Autonomous Region in Russia and Tunjiang in China’s Heilongjiang Province. The RDIF, together with its Chinese partners, financed more than 70% of the total construction budget for the Russian portion of the bridge.

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