Languages

Chinese investors looking at Arkhangelsk port

Arkhangelsk Port is the main base for transportation of pipes for the underwater pipeline that is being built across the Baydaratskaya Bay on the Yamal peninsula. Photo: Trude Pettersen

Chinese investors are interested in investing in the construction of a deep-water harbor in Arkhangelsk.

Location

According to Deputy Governor of Arkhangelsk Oblast Aleksey Alsufyev, Chinese investors are looking into placing money in the Belkomur railway system between the White Sea, Komi and Ural. A deep-water harbor in Arkhangelsk will be a natural ending point for this railway, Alsufyev believes.

Alsufyev and Dmitry Deart, who is Head of the Department for Transport, have just returned from China, where they took part in the third meeting in the joint Russian-Chinese working group on the Belkomur project. They presented the deep-water harbor project to Chinese investors, who showed “principal interest” in developing the port of Arkhangelsk, the regional administration’s web site reads.

The planned deep-water port in Arkhangelsk, which is included in Russia’s transport strategy for the period to 2030, will have an annual capacity of 30 million tons.