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Chinese Investors Resume Negotiations To Build Deepwater Port In Crimea

30 May 2014
This month, Chinese investors resumed negotiations over the construction and development of a deepwater port in Crimea, as reported in the publication Izvestia quoting the Deputy Prime Minister of Crimea Rustam Temirgaliev.
The project could amount to at least $3 billion, he added. "We intend to launch the project as soon as the measures are taken to introduce the ruble and public water supplies to the peninsula," Temirgaliev said, according the news outlet. He added that the issue of Chinese investments aimed at Crimea is "back on the agenda" following Vladimir Putin's visit to China. The construction of the port is currently in question due to the fact that there has been no use agreement signed concerning how the Crimean ports could be used by foreign ships, according to the press service of Crimea's Ministry of Transport and Communications. Therefore, all such enterprises on the peninsula are sitting idle. Following Former Ukrainian President Victor Ynukovich's visit to China in 2013, the construction of a deepwater port in Crimea was announced in addition to the signing of a memorandum of intent for the project. After the political situation was aggravated in Ukraine, and Crimea was annexed by Russia, negotiations had been side-lined. Fruitnews article (Russian): http://www.fruitnews.ru/logistika/morskie-perevozki/39475-investory-iz-kitaya-vozobnovili-peregovory-o-stroitelstve-v-krymu-glubokovodnogo-porta.htmlSource: http://kazakh-zerno.kz/index.php?option=com_content&view=article&id=92841:2014-05-29-03-37-51&catid=16:newssngworld&Itemid=109

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