South Korean Companies Will Invest 11.8 Billion Rubles to a Fishing Port Project in Primorye

April 15, 2021

South Korean companies are investing 11.8 billion rubles in the implementation of the project to create the Podyapolsky seaport in the Primorsky Territory, the press service of the Ministry for the Development of the Russian Far East informed following a working meeting between the minister Alexei Chekunkov and RoK Ambassador to Russia Lee Sok Bae.

During the meeting, steps were discussed to restore and build up Russia-Korea trade and economic cooperation which was affected by the pandemic.

The Podyapolsky project involves the construction of infrastructure in the Shkotovsky district in southern Primorsky Territory for the transshipment of fish products and mixed cargo with a total volume of up to 1.2 million tons per year, as well as the creation of refrigeration facilities for the simultaneous storage of 25,000 tons of fish products. The Korean engineering company ”Hyein E&C” has already completed the preliminary feasibility study for the project.

Earlier it was reported that the project provides for the creation of an open warehouse with an area of ​​20,000 m2 and a cold storage with a capacity of 25,000  tons of one-time storage. Currently, the “Vladivostok Sea Fishing Port” OJSC (a stevedoring company on the territory of the port of Vladivostok) process the main volumes of fish products in the Far East of Russia. They can unload up to 2,000 tons of fish cargo per day.

Source: https://www.interfax-russia.ru/far-east/news/yuzhnokoreyskie-kompanii-investiruyut-11-8-mlrd-rub-v-sozdanie-rybnogo-porta-v-primore



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