Vanino port to get funding from Spain and China

Vanino port, one of Russia’s ten largest ports, looks set to get development funding from a group of Spanish and Chinese companies including Spain’s Elecnor and China’s CAMC Engineering Company. With its location close to the Strait of Tartary, the port is set to be a key component in the development of a Far Eastern major industrial hub, and its cargo capacity is set to rise from its current 10m tons to 100m tons by 2020. RIA Novosti