May 29 2014, 09:50 Source: APK-Inform Views: 1456

Russia began negotiations with China on construction of the deep-sea port in the Crimea

Chinese investors resumed the previous negotiations interrupted in the winter, on development and construction of the deep-sea port at the territory of the Crimea, declared Rustam Temirgaliev, First Vice-Premier of the Crimea, on May 29.

At the same time, he specified that the reporting project is not a priority yet, and the first meetings on the project with investors from China are scheduled for August 2014.

According to R.Temirgaliev, the authorities will run the project, after completing the extraordinary measures on introduction of RUR circulation at the peninsula, and water supply of the region.

The planned cost of the future project will total at least 3 bln USD. Work on the project became activated after visit of Vladimir Putin, President of the Russian Federation, to China on May 20-21, 2014.

As a reminder, on December 5, 2013, Viktor Yanukovych, President of Ukraine, announced the future construction of the port with designed depth of 25 m near Evpatoria. The Crimean KievHydroInvest, represented by Alexei Mazyuk, and Chinese Beijing Interoceanic Canal Investment Management Co (BICIM) owned by the billionaire Wang Jing, signed the memorandum of understanding as operators of the project. The primary Chinese investments were estimated at the level of 3 bln USD, and the general investment volumes would reach 10 bln USD. But the negotiations and actions for realization of the memorandum were frozen after accession of the Crimea to the Russian Federation.


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