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China Development Bank ready to allocate 5 billion dollars for Far Eastern projects
At the Asian Economic Forum, which takes place in Boao (China) from 8 to 11 in April, President of the China Development Bank Zheng Zhijie confirmed his intention to allocate 5 billion dollars to development projects for the Russian Far East, the Ministry for the Development of the Far East said yesterday.
The parties agreed on regular personal contacts and the development of bilateral relations.
The investment priorities of the program will focus on the creation of advanced development territories, financing infrastructure projects and implementing long-term investment programs in the Far Eastern region of Russia.