RUS | KOR | CHN | JPN
“The development of the Far East is our national priority for the entire 21st century.”
“Changes in the legislation developed by the Government contribute to strengthening the investment appeal of the Far East”
“The Russian Far East has created unprecedented conditions for the economic development of the region.”
Regional infrastructure development

Regional infrastructure development

International transport corridors (ITCs) "Primorye-1" and "Primorye-2" are the most important means of the fulfillment of the transit potential of the Russian Far East, the development of which is not only connected with a vector of foreign political development of the Russian Federation, but also with a special geo-economic location of these corridors, the specificity of international relations and international integration, as well as border cooperation.

Objectives
The purpose of creatiing ITCs "Primorye-1" and "Primorye-2" lies in the strengthening of economic and international cooperation between participating countries, integration of the Russian Federation into the economy of the Asia-Pacific region (further on – APR), the socio-economic development of adjacent territories, which primarily include the Far East and the Baikal Region.

Tasks
Improving the efficiency of the transportation process, reducing risks and transportation costs, cargo safety and observance of delivery terms. Improving the efficiency of goods transportation is achieved through the development, upgrade and modernization of infrastructure, an increase of its capacity, optimization of freight deliveries correspondence, development of modern logistics centers, and elimination of administrative barriers.

The ongoing integration of the Russian Federation into the APR requires sustainable and complex development of the ITCs “Primorye-1” and “Primorye-2”, including the following parameters:

  • Infrastructure: establishing checkpoints across the state border of the Russian Federation;
  • Roads and railways;
  • Port railway stations, and also railway stations at border crossings, port facilities relating to water areas and piers, as well as stevedoring (terminal) port capacities;
  • Regulatory measures: elimination of administrative barriers to optimize the flow of international transit goods through the territory of the Russian Federation; signing an intergovernmental agreement between the Government of the Russian Federation and the Government of the People's Republic of China that determines the order and conditions of interaction of public authorities of the Russian Federation and the People's Republic of China;
  • Institutional measures: determining the type, form, and format of work of the managing body for ITCs "Primorye-1" and "Primorye-2" (further on – "project office"), the principles of functioning of the project office, and its participants.

The accomplishment of the aforementioned tasks will allow the maximum effective development of the infrastructure of the transshipment facilities of the Russian Ports of the Far Eastern Basin, as well as the railway and other logistics infrastructure.

Financing
Financing of the ITCs “Primorie-1” and “Primorye-2” development is proposed to be carried out mainly through extra-budgetary funds, development and financial institutions on the terms of public-private partnership with the possibility of attracting budgetary funding.

Investment projects are implemented at the expense of funds of private investors, development institutions, and financial organizations based on investment and concession agreements.

Prospects
The development of ITCs "Primorye-1" and "Primorye-2" will also have a positive impact on business development in Primorsky Krai, providing modern transport infrastructure and access to export markets of the APR countries. Russian consignors will receive unprecedented for the Russian market pricing conditions for the services of stevedoring companies. This pricing will be determined by direct competition with the terminals in the People's Republic of China. A significant growth in the sea traffic volumes will attract to the Russian ports the world's largest shipping lines, ensuring the inflow of foreign ships and additional income from ancillary services (bunkering, steering, etc.). In its target version, the project is expected to increase the attractiveness of doing business in the Primorsky Krai. This would be the incentive for additional capital inflows, the creation of industrial clusters and industrial parks. The development of transport infrastructure will make it possible to place new processing capacities and agricultural production on the coastal territory.

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