Russian Far East: As part of Beijing’s Belt and Road Initiative, China Development Bank has offered to finance construction of two key transport corridors to make exports quicker and easier, Olesya Kuvatova writes. The state lender proposed financing development of the Primorye-1 and Primorye-2 routes, which connect China’s northwest provinces with Far East Russian ports, during negotiations between China Railway Group Ltd and the first vice-governor of Russia’s Primorsky Krai territory in late October. The routes already support a growing volume of cargo but the infrastructure needs to be significantly upgraded in order to handle high volumes of exports. Primorye-1 connects northern provinces of China with the ports of Nakhodka and Vladivostok, from where cargo is sent by sea to the south of China, and to South Korea and Japan. Primorye-2 connects the province of Jilin with the Russian ports of Slavyanka, Zarubino and Posiet. READ THE STORY HERE
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