Singapore Company to Invest in Russian Ports in the Far East

Donate

The two ports are linked by the Baikal-Amur railway which connects to the Trans-Siberian railway in Sovetskay Gava and Vanino in the Far East of Russia. Baoli Bitumina, a company from Singapore, will be investing in the program to help build infrastructure at these ports. The Aovetskay Gava and Vanino are at extremely strategic locations for logistics and transportation.

“They are interested in that region because the Baikal-Amur railway ends here. It’s a convenient transport and logistic spot,” Ivan Tonkikh, Sputniknews cites the head of the Investment Department with Russia’s Far East Development Ministry.

Baoli Bitumina intends to invest some $200 million in the modernization of one of Russia’s Pacific ports, setting up an oil and gas export terminal.

Singapore Company to Invest in Russian Ports in the Far East

Donate

SouthFront

Do you like this content? Consider helping us!