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CHINA HARBOR AND PKDC SIGNED AGREEMENT ON STRATEGIC PARTNERSHIP

The Chinese state corporation China Harbor Engineering Company and the regional development institute Primorsky Krai Development Corporation signed an MOU. The Chinese contractor is interested in projects in the field of road and port construction, energy and urban development.

ChinaHarbour

During the official meeting, the subject of the agreement was the cooperation in the field of  investment activities for the implementation of projects in Primorsky Territory, in particular, the information support and all kind of investor support services.

The general director of the Primorsky Territory Development Corporation Igor Trofimov said that during the meeting the parties discussed ways of possible cooperation and came to certain agreements.

«A corporation can serve as a technical customer for any regional project. Our responsibilities include the design, construction and commissioning of networks and infrastructure facilities, and we are working to control the implementation of investment projects and provide investors with the necessary support. Our specialists have already begun to work on the issue of building gas generation to meet the needs of residents of one of the tourist clusters already implemented in Primorsky Territory, and we will be glad to cooperate with an experienced Chinese contractor in this area», the head of the Corporation said.

The representative of China Harbor Engineering Company in Russia, Mr. Li Tongsheng, in the course of the meeting confirmed his interest in creating the infrastructure facilities necessary for the implementation of the Corporation's investment projects.

«At the moment, a number of interesting projects are being implemented in Primorsky Territory active work is underway to build new facilities, so we are ready for cooperation in a number of area», the representative of the Chinese investor said.

Mr. Lee noted his interest in working on regional projects in the field of road and port construction, energy and urban development.

«We have serious intentions to invest in Russian projects. But before we commit ourselves, we need to analyze the information and assess what the future prospects for the implementation of these projects are - more methodological information is needed. Based on the results of the negotiations, as well as on the recommendation of our colleagues, we came to the conclusion that the Corporation is able to become a reliable partner in the work on conducting investment activities in Primorsky Territory. At the initial stage, we need the support of a reliable profile structure that has a successful experience of working with foreign investors and is ready to professionally interact on relevant working issues», said Mr. Li Tongsheng.

The general director of the Corporation, Igor Trofimov, thanked for the trust, and also confirmed that the Corporation was initially established as an institution for regional development and therefore is ready to provide relevant services for the implementation of other regional investment projects, including consulting, and further to fulfill the role of technical customer.

Recall that the JSC «Primorsky Krai Development Corporation» is on the list of institutions specially created in Primorye to help businesses and support investors.