CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Russia gives go-ahead to eight joint projects with China

06-25-2010 08:28 BJT

MOSCOW, June 24 (Xinhua) -- 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.

Editor:Xiong Qu |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program