Dalian: A Liaoning-based company plans to invest $150m in the development and construction of the port of Sovetskaya Gavan in Russia.
Sovetskaya Gavan is a town in Khabarovsk Krai, Russia, and a port on the Strait of Tartary which connects the Sea of Okhotsk in the north with the Sea of Japan in the south.
The unnamed Chinese company will set up a jv with the local port authority, split 25:75 in favour of the Russian side.
The jv will develop a port economic zone at Sovetskaya Gavan, the first phase investment is around $600m, to build 15-20 berths and container terminals. The annual handling capacity is expected to reach 50m tons. [12/09/13]
