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

The 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.
He 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