MOSCOW. May 10 (Interfax) - Russian President Vladimir Putin has ordered the Russian government to consider the issue of signing an intergovernmental agreement with China on the Russia-China New Land Grain Corridor project.
He issued the order following a meeting on the development of Far Eastern cities, which took place on March 14.
The intergovernmental agreement is meant to increase grain production in the Far Eastern, Ural and Siberian Federal Districts, as well as ensure its export to the Chinese market.
The deadline for its implementation is October 1, 2023.
According to earlier reports, a key element of the Russia-China New Land Grain Corridor project is the Trans-Baikal grain terminal, which was launched on September 6, 2022. It is the world's first specialized railway terminal and the largest grain logistics facility in Russia. Investment in the terminal amounted to nine billion rubles, entirely from private sources. The terminal solves the problem faced within grain transportation caused by the different gauges used on the Russian and Chinese railways. It also ensures that grain supplies can be fully tracked.
The capacity of the terminal is designed for shipping eight million tonnes of grain per year.
The New Land Grain Corridor company (the operator of the terminal) has also started implementing a program to build seven main linear elevators along the Trans-Siberian Railway with a total storage volume of 1.4 million tonnes across the Far Eastern, Siberian and Ural Federal Districts, as well as a sea terminal in the Far East and grain hubs in Kazakhstan for shipping Russian grain.
av sy iz