[sparkscoffee] Re: Chinese investments No. 2
- From: "" <dmarc-noreply@xxxxxxxxxxxxx> (Redacted sender "sblumen123@xxxxxxx" for DMARC)
- To: sparkscoffee@xxxxxxxxxxxxx
- Date: Tue, 20 May 2014 20:03:40 -0400 (EDT)
Open minded RR
Any comments on iron fisted communists running China? How about some iron
fisted communists running the USA?
Also, any comments on building two Cruise Ships here?
Comrade B
-----Original Message-----
From: Dry Turtles <dryturtles@xxxxxxxxx>
To: sparkscoffee <sparkscoffee@xxxxxxxxxxxxx>
Sent: Tue, May 20, 2014 6:06 pm
Subject: [sparkscoffee] Chinese investments No. 2
Chinese companies will be first foreign investors in economy of the Russian
Republic of Crimea after the peninsula’s reunification with Russia.
A Chinese construction company and a private investment fund may be involved in
construction of a transport corridor to Crimea across the Kerch Strait at the
cost of $ 1.2-3 billion with some part of the project to be invested in yuan,
Kommersant daily learnt.
This is primarily a political step which shows build-up of relations between
Moscow and Beijing amid Western sanctions and China may also receive access to
other major projects in the region, the daily sources said. But, in the view of
experts, it will be difficult for Russian companies to participate in
infrastructure projects in Crimea after Chinese companies enter the market.
The Transport Ministry prepares to conclude with Chinese companies a memorandum
on building a transport corridor across the Kerch Strait which will connect
southern Russia’s Krasnodar Territory and Crimea, sources said to the daily. A
technical blueprint of the project is not approved yet, as this may be a
combined motor-railway bridge or a bridge and an underwater tunnel. The
memorandum may be signed during President Vladimir Putin’s visit to China in
the second half of May, the daily sources said. China International Fund Ltd
(CIF) is expected to fund the project and China Railway Construction
Corporation (CRCC) will build it.
The Transport Ministry refrained from any comments. But sources close to the
Transport Ministry and Russian motor road authority which is developing a
feasibility study of the project confirmed the news report. “A final
configuration of the project is still being developed, but it is quite real
that a Chinese construction company may be involved in fulfilling a
considerable part of works as the latter has an experience of implementing
major infrastructure projects,” meanwhile, “there is an opportunity to fund the
construction project in yuan partially,” a daily source said.
CIF positions itself as a private company which funds infrastructure projects,
particularly major projects in Angola and Guinea. CIF does not disclose its
financial results. State-run CRCC, one of largest construction companies in the
world, builds railways and highways, bridges and tunnels. Along with China the
company implements projects in Libya and Saudi Arabia. CRCC revenues reached
$93.6 billion and its net profit - $1.6 billion in 2013.
First published by Itar-Tass.
Scotty
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