Russia and China have established a joint venture company that will construct a bridge over the Amur River connecting Blagoveshchensk with Heihe.
Construction work on the bridge will be launched in April and is expected to cost RUB 18.8 billion (USD 266 million).
Russia will build the bridge from Blagoveshchensk and China will build the bridge on its territory and the connection will be made by Russian companies.
“We and our Chinese colleagues are ready to discuss all the remaining issues so that we could prepare concession and loan agreements by May or June,” Amur region spokeswoman Marina Dedyushko told TASS.
The estimated value of the project is USD 280 million and will be completed within three years.
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