17 May 2016

    During a visit to Tokyo, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev held talks with Japan’s Deputy Chief Cabinet Secretary Hiroshige Seko and representatives of the local business community. The talks were attended by First Deputy Minister for the Development of the Russian Far East Alexander Osipov, CEO of the Far East Development Fund Alexei Chekunkov, Governor of the Khabarovsk Region Vyacheslav Shport, Governor of the Sakhalin Region Oleg Kozhemyako and representatives of the Russian business community.

    Both parties discussed the progress of investment projects being implemented in the Far East with Japanese participation, as well as newly proposed projects. “We talked about quite specific projects and positive achievements, as well as the obstacles that remain,” Yury Trutnev said.

    According to the Presidential Envoy, “Japanese companies want to work with us and we, too, are ready to develop cooperation. They are satisfied with the legal framework and new development instruments put in place in the Far East. There are certain specific issues that need to be addressed.” One such issue concerns the existing airport fee regulation system, which makes it difficult to attract foreign investment into airport upgrade projects.

    Both parties discussed new projects, such as reconstruction of Khabarovsk Airport as part of the Khabarovsk Advanced Special Economic Zone. The Japanese corporation Sojitz expressed interest in completing the project. Plans include a new passenger terminal, a three-star hotel, a shopping and entertainment mall and an exhibition complex, a new cargo terminal and a transport and logistics facility.

    Following the talks with Sojitz, Yury Trutnev has ordered establishment of an ad-hoc working group to consider options for integrating the Japanese company into the project. The group will include officials from the Ministry for the Development of the Russian Far East, in addition to Japanese and Russian investors.

    The company Kolmar presented its coal production and supply projects to a roundtable attended by representatives of Russian and Japanese energy and metals companies. “Our Fund is in the final stages of securing approval for the Kolmar Group’s project for developing the Inaglinsky and Denisovsky mining and enrichment plants in order to resume what were historically large-scale supplies of high-quality coking coal from Yakutia to Japan. We are talking about a project that could generate up to USD 2 billion in foreign-currency export revenues annually for the Far East going forward,” CEO of the Far East Development Fund Alexei Chekunkov said.