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Chinese Guanda intends to participate in projects of ITC "Primorje-1" and "Primorye-2" - EastRussia | Far East

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Chinese Guanda intends to participate in projects ITC "Primorye-1" and "Primorye-2"

Guanda Corporation (the leader of China's construction industry) intends to participate in the financing and construction of international transport corridors (MTC) Primorye-1 and Primorye-2, the Primorsky Territory Administration press service informed after the meeting between Governor Vladimir Miklushevsky and the head of the holding company Gao Yi Vladimir Miklushevsky heads the delegation of the region at the IV Russian-Chinese Expo, which opens today in Harbin.

"We believe that this project can be raised to the interstate level. We are interested in building various infrastructure facilities in the region, both international transport corridors and port facilities. Are ready to apply an individual approach. We will calculate the amount of investments proceeding from a specific project, "the press service of Gao I. cites. According to him, interest in participating in infrastructure projects was expressed by the Bank of China and the Hong Kong Development Fund.

The head of Primorye explained that by now the issues of the implementation of MTC projects have already been brought to the level of intergovernmental relations - Vice Premier of the State Council of the People's Republic of China Wang Yang and Deputy Prime Minister Yuri Trutnev. "This does not relieve us of our responsibilities, such as calculating a financial model, finding sources of financing and others. The MTC project is important for both sides. We will consider today's meeting as fundamental for further work in this direction, "the Governor underscored and expressed his readiness to engage in the discussion immediately, especially the issues of the development of the Primorie-1 ITC.

Earlier it was reported that Russia and China are planning to sign an intergovernmental agreement on the implementation of the projects of the Primorie-1 and Primorye-2 in July, during the visit of Xi Jinping, President of the People's Republic of China.

MTC Primorje-1 connects the northern provinces of the PRC with the ports of Nakhodka and Vladivostok, from where cargoes are sent by sea to the south of China, to South Korea and Japan. In the structure of transit cargoes the largest volume is occupied by sawn timber, however, APK-soybeans, corn, starch and rice are also transported. "Primorye-2" connects the Chinese province of Jilin with the ports of Slavyanka, Zarubino and Posiet. According to the evaluation of the projects, by 2030, the possible additional freight through the Primor'e-1 MTC can reach 7 million tons of container cargo and up to 5 million tons of grain, the turnover of the Primor'e-2 MTC is 15 million tons and up to 23 million tons, respectively.
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