RСIF backs first Russia-China bridge across the Amur River

The Russia-China Investment Fund is making a joint investment with OJSC Far East and Baikal Region Development Fund to build the first railway bridge over the Amur River on the border between the Russia and China. The new bridge will have a capacity of up to 21 million tonnes per year.

PRESS RELEASE

The Russia-China Investment Fund announces a joint
investment with OJSC Far East and Baikal Region Development Fund to construct
the first ever railway bridge over the Amur River on the border between the Russia
and China. The new bridge will have a capacity of up to 21 million tonnes per year
and will connect the Jewish Autonomous Region with the Chinese province of
Heilongjiang. The signing ceremony will be held as part of the Russian President’s
working visit to China.
Construction of the railway bridge will create a new export corridor between
Russia and China and alleviate transport infrastructure constraints between new
fields being developed in Eastern Siberia and the Far East. The bridge will also
significantly increase the turnover of goods and the competitiveness of Russian
producers and exporters, reducing transportation distances to the end consumer by
around 700 km, compared with other existing export rail routes.
Kirill Dmitriev, co-CEO of Russia-China Investment Fund (RCIF), said:
“RCIF not only builds financial bridges between Russia and China, but also invests
in the infrastructure to benefit both countries. Railway border crossings in the
region are currently operating close to maximum capacity. The future development
of new natural resource deposits and increased level of traffic over the next 10
years means the region could face a shortage of export transportation capacity. The
construction of a bridge across the river Amur is an important step in modernizing
the Far East transport infrastructure and will help to prevent breakdowns in the
regional transport network”.
***
Russia-China Investment Fund (RCIF) is a private equity fund investing in
unique opportunities brought out by rapid development of economic cooperation,
fast growing trade, and increasing purchasing power of the middle class in Russia,
China and CIS countries. The Fund was created by the Russian Direct Investment
Fund (RDIF) and China Investment Corporation (CIC). RCIF emphasizes crossborder
transactions, as well as investment opportunities within the region across a
broad range of sectors to facilitate the structural adjustment and the improvement
of quality of those countries’ economies. Further information at www.rcif.com
Russian Direct Investment Fund (RDIF) was established in 2011 to make equity
co-investments primarily in Russia alongside reputable international financial and
strategic investors. Based in Moscow, RDIF’s management company is a 100%
subsidiary of Vnesheconombank. Further information at www.rdif.ru
Media contacts:
Maria Medvedeva
Russian Direct Investment Fund
Director, Media Relations Department
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru
Hudson Sandler
Andrew Hayes / Maria Ignatova / Elena Kuza
Tel: +44 (0) 20 7796 4133

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