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  • FAR EAST DEVELOPMENT FUND OFFERS 29 INVESTMENT PROJECTS TO JAPAN WORTH USD 16 BILLION

    18 May 2016

    Japanese investors were presented with a package of 29 projects worth USD 16 billion in total, TASS reports. This is what CEO of the Far East Development Fund Alexei Chekunkov told journalists after the visit to Tokyo by Russian Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev.

    The Head of the Fund recounted the investment projects that were discussed with the Japanese side: above all, they were interested in “opportunities for exporting electric power from Russia to Japan, petrochemical and gas chemical projects – in particular, methanol and carbamide production.”

    As he put it, the Japanese company Mitsui is considering the possibility of participating in a hydrogen production project: “This is a new generation of Russian–Japanese projects that can be implemented. These capital-intensive projects create highly-productive workplaces, ensuring growth of GRP and tax revenues.”

    Mr. Chekunkov pointed out that a number of APR nations are competing for access to the Russian market and for the Far East projects. As regards Japan, this country is “ready for intensive economic cooperation, despite the sanctions”, while its authorities tasked JBIC development bank with taking more risks and investing more intensely. Over the next five years, this Bank is to invest USD 110 billion in the APR infrastructure, including some projects in Russia’s Far East.