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Russia and China plan to conclude an agreement on the development of the ITC of Primorye on VEF-2018 - EastRussia | Far East

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Russia and China plan to conclude an agreement on the development of the ITC of Primorye on VEF-2018

The agreement between the governments of the Russian Federation and the PRC on the joint development of the international transport corridors (MTC) Primorye-1 and Primorye-2 is planned to be signed at the 4th Eastern Economic Forum (VEF-2018), the press service of the Minsk region said.

"Currently, on the basis of the feasibility study submitted by the Chinese side, a draft agreement is being prepared, the signing of which is planned on the forum's fields in Vladivostok," the words and. about. Director of the Department of Infrastructure Projects of the Ministry Svetlana Utyasheva.

The concept of development of the Primor'e-1 and Primorye-2 MTC provides for a package of measures to ensure seamless transit of goods from the northeastern provinces of China to the ports of Primorye. Ministry of Economic Development and the State Committee of China on Development and Reform 4 July 2017 in Moscow signed a memorandum of cooperation in this direction. Last November, an agreement was reached in Beijing to prepare a feasibility study for creating a corridor infrastructure with China Communications Construction Company (CCCC). Preliminary feasibility study was presented to the Russian side on the Day of the Chinese investor in Khabarovsk last week.

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.

VEF-2018 will be held 11-13 September in Vladivostok. Minvostokrazvitiya expects the conclusion of a forum of investment agreements for 3,5 trillion rubles. Last year more than 2017 thousand representatives of more than 6 countries took part in VEF-60, including 103 heads of foreign companies, 10 foreign ministers, heads of diplomatic corps of 10 states. Within the framework of the forum, 217 agreements worth 2,496 trillion rubles were signed.