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State corporation from China ready to invest 100 billion in facilities in Kamchatka - EastRussia | Far East

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State Corporation from China is ready to invest 100 billion in facilities in Kamchatka

State Corporation from China is ready to invest 100 billion in facilities in Kamchatka
Photo: pixabay.com

Representatives of China's largest construction state corporation China Machinery Industry Construction Group Inc. (SINOCONST) announced their readiness to invest up to 100 billion rubles in investments in the construction of infrastructure facilities in Kamchatka. They noted the high investment attractiveness of the region and large-scale work to develop the region.

According to the press service of the Kamchatka Development Corporation, work is underway on documents that specify the possible participation of the Chinese side in the implementation of Kamchatka investment projects.

SINOCONST State Corporation is actively investing in the construction of infrastructure facilities outside of China, including Russia. In June of this year, within the framework of the 4th Russian-Chinese EXPO, SINOCONST signed a strategic agreement with the Kamchatka Development Corporation. The document provides for a wide range of cooperation between the parties in attracting Chinese capital to the economy and social sphere of the region.