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Rajin city in North Korea want to join Transsib
A delegation from South Korea will arrive on July 14 in Vladivostok to participate in the launch ceremony of the Rajin-Hassan project, which aims to transform the North Korean port city of Rajin into a logistics hub and join it to the Russian Trans-Siberian railway.
The South Korean consortium will hold a second inspection of the project between North Korea and Russia next week, according to news agency RUSKOR, citing a representative of Korea Railroad Corp., one of the consortium participants. It is also reported that the official deal between the South Korean consortium and Russia on the project will be concluded in the second half of this year.
In September, 2013, after five years of reconstruction, Russia opened traffic on the 54-kilometer stretch of railway, connecting the Russian border station Hasan with Rajin.
The consortium consists of three South Korean companies - state-owned railroad operator KORAIL, steelmaking company POSCO and the second largest shipping company Hyundai Merchant Marine Co. North Korea owns 30 percent of the joint venture, the rest is owned by Russia.