China and Russia to build a massive seaport in northeast Asia

Follow The Money

a5fe1fa3b6df818f13cbd660ae5fcf1c10303842

http://news.yahoo.com/china-russia-build-seaport-report-034903989–finance.html

China and Russia will build one of the largest ports in northeast Asia on Russia’s Sea of Japan coast, reports said, in a further sign of the powerhouses’ growing alliance.

The seaport is expected to be able to handle some 60 million tonnes of cargo a year, China’s state-run People’s Daily Online reported late Wednesday — comparable to Britain’s busiest port Immingham or Le Havre in France, according to European Commission statistics.

The new facility will be located in far eastern Russia, just 18 kilometres (11 miles) away from the Chinese border. The region is also close to North Korea.

Chinese and Russian leaders inked a deal on the port at May’s Conference on Interaction and Confidence Building Measures in Asia (CICA) in Shanghai, the report said.

The move represents the latest step by Beijing and Moscow to boost their energy and infrastructure ties.

Resource-hungry China is seeking to…

View original post 162 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s