The new transport corridor will better connect Russia’s Far East with the European region and international suppliers in the Far East, logistics firm and project managers Samarga-Holding announced.
A new planned transport corridor in Russia’s Far East is to provide a faster connection between the Trans-Siberian railway and the Pacific Ocean via a new port on the Sea of Japan, RIA Novosti informs.
The project is being managed by Khabarovsk-based transport logistics company Samarga-Holding. The company director Alexander Vasilyev outlined the development of the 420 billion rubles (USD 6.5 billion) project, which has a projected completion date of 2025.
“This transport corridor will be able to serve most of the ports of the Russian Far East, as well as Japan, China and Korea. The project cuts the distance to the Trans-Siberian railway by 550km and allows much faster transportation of cargo to the European part of Russia,” Vasilyev explained.
The transport corridor project has the backing of the Khabarovskiy Krai regional administration, and Samarga-Holding is in talks with Asian investors including Japan’s Association for Trade with Russia and Eastern Europe (ROTOBO) and the Industrial and Commercial Bank of China.
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