Spanish-Chinese Group to Invest in Russia’s Pacific Port of Vanino

Vanino, located in the Tatar Strait, between the Pacific Ocean's Sea of Okhotsk and Sea of Japan, is the largest transport hub in the Khabarovsk Region and one of Russia’s ten largest ports.

In the area near the ports of Vanino and Sovetskaya Gavan (Soviet Harbor) a major industrial hub will be created, expected to increase cargo capacity from 10 million tons to 100 million tons by 2020.

A special economic zone is also due to be established in the area of Sovetskaya Gavan. The Khabarovsk region has sent a request to Moscow to include the Vanino port in this zone.

Khabarovsk Region Governor Vyacheslav Shport and the head of the Spanish-Chinese group, Jorge La Casa, met Tuesday to discuss bilateral cooperation, a statement on the website said.

The governor said the regional authorities are interested in the cooperation with the group and marked other perspective directions for investment, including in the development of the international Novy Airport in Khabarovsk and the creation of a fish processing complex.

The association includes Elecnor, one of Spain's leading groups in engineering, and China CAMC Engineering Co., an engineering construction contractor, part of the China National Machinery Industry Corporation (SINOMACH).

RIA Novosti