Russia and China to build super-shipyard

Russia and China to build super-shipyard 14.10.2009

Today Russia and China are set to sign an agreement on building a super-shipyard in the city of Vladivostok. The two countries plan to discuss the joint investment issue implying $200 million of investments.

In May 2009 the united shipbuilding corporation of Russia was reported prepared to sign a memorandum on construction of a modern shipyard with one of Singapore's leading shipbuilding corporations. Today's Far East of Russia lacks shipyards being up-to-date.

It is expected that the share of foreign companies in the project will make up about 25%, though it may increase to a half.

source:
www.rosbalt.ru