Russia and China connect two sides of railway bridge across the Amur River
Press release, 02.04.2019
Birobidzhan, 02 April 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announces that a key phase in constructing the first-ever railway bridge across the Amur River on the Russia-China border has been completed. The builders have joined the Russian and Chinese parts of the bridge, spanning more than 130 meters in length and weighing more than 1 thousand tons.
Construction on the Russian part of the bridge is ongoing to install the railway track and complete the transport infrastructure. Construction on the site is expected to be completed towards the end of 2019.
The cross-border bridge over the Amur River is being jointly implemented by RDIF with the Far East and Baikal Region Development Fund. At full capacity, the bridge will facilitate the movement of up to 20 million tons per year and will connect Russia’s Jewish Autonomous Region with the Chinese province of Heilongjiang. The bridge will be connected to the Trans-Siberian Railway by a new 120-kilometer railway line, creating a new export corridor between Russia and China and removing infrastructure restrictions that currently limit the transportation of goods between the two countries. It will also create significant potential for economic development in the region.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, noted:
“We are pleased to announce the completion of an important phase of the bridge across the Amur river. The growth of trade between Russia and China necessitates a corresponding expansion and modernization of transport infrastructure. In this regard, the bridge will create new opportunities for cooperation between Russian and Chinese companies will significantly reduce transport costs and increase the export potential for both our economies, allowing a 1.5-fold increase in the capacity of railway routes between Russia and China. The bridge will significantly increase the turnover of goods and the competitiveness of Russian producers and exporters in the region, reducing the shipment distance to the final consumer by about 700 km compared to other export railway routes. The launch of the bridge is an important development for Russia’s “International Cooperation and Export” national project set up by the President of Russia, as well as to the “Comprehensive Plan for the modernization and expansion of the trunk infrastructure”.
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than 1.5 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people, and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133