Monday, June 24, 2019
A port in Russia's Far East could be developed by South Korea in order to help local companies take advantage of its strategic location, the country’s Oceans Ministry said on Monday, according to Yonhap News. The Ministry of Oceans and Fisheries said it will carry out the feasibility study until...
An open international ideas contest for new standard apartment layouts across Russia has been launched by the country’s government, The UK Architects Journal reported. The competition is open to both emerging and experienced architects from around the world. The anonymous two-stage contest seeks proposals for a range of residential floorplans...
President Vladimir Putin drove across a new 12-mile bridge to Crimea in a large orange construction truck on Monday, inaugurating his latest megaproject and tightening Moscow’s claim to the disputed territory, The Guardian reported. The bridge, finished six months ahead of schedule, established a land link from Russia to the Crimean...
Norilsk has finished a reconstruction of the runway at its Alykel airport, the main air hub in the Krasnoyarsk Region, and the runway has served the first flights, according to Alexander Neradko, head of the Russian aviation authority Rosaviatsiya, Gornovosti reports.   "The runway’s reconstruction is over and the first...
Russia has allotted some $235 million to reconstruct airport infrastructure in its Far East region in the next two years, Asia Times reported. The move is aimed at stopping further depopulation in an area that accounts for more than a third of the country’s territory but just 5% of its...
The Russian Federal State Statistics Service (Rosstat) has revised up its estimate for growth in the construction sector for the end of 2018 from zero to 5.3% y/y, in a move that raised eyebrows amongst Russian analysts, Intellinews reports. Rosstat has already been under fire for the poor quality of...
Russia’s state-owned gas major Gazprom has ended the practice of awarding construction contracts to small businesses, which the company introduced almost two years ago, Interfax reports. In 2017, the monopoly concluded a series of construction contracts worth around $236 million with three enterprises, in response to the government's demand to...
The Egyptian government approved on Wednesday an agreement to establish a Russian industrial zone in East Port Said with $7 billion in investments, according to Egypt Today. Negotiations over the project began in 2014. The industrial zone is set to be built on a 5.25 million-square-meter plot of land over...
A large casino zone will be opened in the Black Sea Crimea peninsula next year, according to the Moscow-appointed head of the region Russia annexed from Ukraine in 2014, Sergey Aksenov. He said the project, which was first announced in 2014, has now been given the green light. The opening...
Pakistan’s defense minister has said his country is deepening its relationships with Russia and China after the U.S. decided to suspend $2bn in military aid to Islamabad. Khurram Dastgir Khan told the Financial Times that his government was engaged in a “regional recalibration of Pakistan’s foreign and security policy” that threatens...