Rostec and Sinomach set up $10bn infrastructure JV

Rostec and Sinomach, China’s largest civil engineering company, have agreed to invest $10 bn in a venture specialising in infrastructure projects. According to Rostec CEO Sergei Chemezov, the  collaboration will pave the way for the creation of a “global technological partnership” that will concentrate on complex projects in Russia, Africa and  South America. The Moscow Times