Russia gives go-ahead to eight joint projects with China

08:18, June 25, 2010      

Email | Print | Subscribe | Comments | Forum 

Eight Russian-Chinese joint projects have been approved by the Russian Ministry for Regional Development, Russian business daily Vedomosti reported Thursday.

Russia will spend 376.6 billion rubles (about 12 billion U.S. dollars) on the projects. Of this sum, 12 percent will be paid directly from Russia's federal budget, the rest will be invested by the projects' private developers.

The eight projects include a coal deposit in sub-polar Chukotka peninsula; an industrial zone in Trans-Baikal territory; a wood-working plant in Sakhalin region; drinking water factory in Irkutsk; two recreational zones - one in Buryat Republic and the other on the Amur River (Heilongjiang River) Island near Khabarovsk; a railway bridge over the Amur River (Heilongjiang River); and a thermal power plant in Amur region.

In 2009, Russia and China agreed with a list of some 200 joint projects to be developed in their common border regions. Ninety-four of them will be developed on the Russian side, the rest in China.

The particular investment agreements will be signed this fall during a visit of Russian President Dmitry Medvedev to Beijing.

However, experts were cautious about the projects, the newspaper wrote. Chinese investors might be wary about a return on their money and they were interested in importing raw materials from Russia rather than processing them in Russia, experts said.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
  • A visitor passes by in the exhibition of Istanbul design week on Sept. 28, 2011 in Istanbul, Turkey. Istanbul design week will be hosting designers and design exhibitions from around the world in Istanbul from Sept 28 to Oct 2 with the participation of 25 countries. (Xinhua/Ma yan)
  • Red flag flies at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 28, 2011. A spokesperson with China's manned space program said Wednesday that fuel has been injected into the Long March-2FT1 carrier rocket in preparation for launching the Tiangong-1 space module Thursday evening as planned. (Xinhua/Wang Jianmin)
  • A militant loyal to the Libyan National Transitional Council (NTC) waves in a tank near Bani Walid, one of the pro-Muammar Gaddafi strongholds, on Sept. 28, 2011. (Xinhua/Hamza Turkia)
  • Jewish worshippers pray at the Western Wall, Judaism's holiest prayer site, in Jerusalem's Old City on Sept. 28, 2011, ahead of Rosh Hashanah, the two-day Jewish new year which will begin at sunset on Sept. 28 and conclude at nightfall on Sept. 30. (Xinhua/Muammar Awad)
  • High school student Johanna Choapa is helped by her father after announcing the end of hunger strike in Santiago, capital of Chile, on Sept. 28, 2011. The end of the strike took place to make way for a dialogue with the government, seeking to resolve the four-month crisis in the education sector. (Xinhua/Jorge Villegas)
Hot Forum Discussion