Sakhalin Governor Valery Limarenko and Chairman of the board of China’s Shouneng Investment Management signed an agreement at the Eastern Economic Forum held this week in Vladivostok.
The document provides for a major investment project o be implemented in the region. According to the Sakhalin Oblast government press office, the Chinese company will invest 20 bn rubles ($214 mn).
The project envisages developing a universal multifunctional marine terminal in Alexandrovsk-Sakhalinsky and building a major logistics hub in the capital of Sakhalin.
The Chinese investor also intends to set up a coal mining enterprise in the region.
Photo: Sakhalin Oblast Government press office