Large construction companies from China interested in the implementation of infrastructure projects in the Krasnodar Territory

Vice-Governor Sergey Altukhov held in the regional capital a meeting with head of the Moscow representative office of CITIC Construction Co., Ltd. (China) Ms. Liu Na.
During the event, among other things, dealt with the possible involvement of the company in the construction of an alternative toll road to Sochi.
The conversation was also attended by representatives of the regional department of investments and development of small and medium-sized enterprises, regional ministries of Transport and Roads, Energy and Housing and Industrial Policy Department of the Krasnodar Territory, the press service of the regional administration.
Representatives of the company CITIC Construction Co., Ltd. not for the first time visited Krasnodar region. The previous visit took place in November 2015 as part of China's business mission. Then the company announced its willingness to continue the discussion of directions of investment cooperation.
One of the infrastructure projects, which attracted the attention of Chinese investors, according to Ms. Liu Na, began a project to build an alternative toll road on the Black Sea coast in the area of the village of Chernihiv Absheron district to Sochi Dagomys.
Sergey Altukhov stressed that the implementation of the project will dramatically relieve highway Dzhubga-Sochi and increase traffic safety.
- In addition, the emergence of a new route will promote the development of mountain resorts in the southern and south-western part of the Absheron district, ski resort Lagonaki, - the vice-governor of the region.
In turn, the head of the Moscow representative office on the Liu noted that the holding company "CITIC" has extensive experience in implementing large-scale investment in modern high-speed motorway conditions and mountainous terrain nonintersection. For example, in 2015 the company successfully completed the project of construction of expressway length of 1.2 thousand. Km in Algeria. The total cost of the project amounted to 11 billion US dollars.
- Taking into account the other structures of the holding, the company has all the necessary resources, including financial, to implement such projects "turnkey", - said the head of the representative office.
The parties intend in the near future to continue the negotiations on the possible mechanisms of implementation of the Kuban region in the field of road infrastructure projects through public-private partnership or under a concession agreement.