Free Port of Vladivostok secures first investors as Zarubino gets the OK

SlavyankaThe Free Port of Vladivostok has attracted its first investors since it secured SEZ status this summer, in the form of a $78.2m 182-room five-star hotel at Slavyanka. Located 170km south of Vladivostok, the hotel will be developed by the Sino-Russian Pacific Ocean Investment Company, a joint venture between Russia’s Transit-DB Holding and two Chinese companies – Zhun Gun Sin and the High Way construction firm. The hotels should be ready to open its doors within two years, Russia’s Deputy Prime Minister Yuri Trutnev said today.
Zarubino Port locationHe also confirmed that approval had been given for the joint Sino-Russia $100m expansion of Zarubino port close to the border between the two countries, designed to give shippers better access to and from Northeast Asia.

Source: rbth