News / Europe

Vladivostok Aspires to be Hot Pacific Rim City

Russia Plans to Turn Vladivostok into Hot Pacific Rim Cityi
|| 0:00:00
X
James Brooke
September 27, 2012 10:44 PM
The world spotlight shone on Vladivostok in early September when 20 Asia-Pacific heads of government gathered for a business conference in Russia’s main Pacific port. Looking ahead, James Brooke reports about concrete plans to build Vladivostok into a hot Pacific Rim city.
James Brooke
The world spotlight shone on Vladivostok in early September when 20 Asia-Pacific heads of government gathered for a business conference in Russia’s main Pacific port.

Looking ahead, regional officials and investors are working to turn Vladivostok into Russia’s first hot Pacific Rim city.

The region’s new governor, Vladimir Miklushevsky, says a key will be to attract investment from China - and to cut red tape. He is lining up investors for 19 development projects totaling $95 billion over the next decade.

 “We are going to reduce the administrative barriers for business projects,” he said.

Near the new $200 million airport, construction starts next year on a “Northern Macao” - Russia’s largest casino and resort complex

 “We are planning to develop it has an integrated resort, with gambling used as an anchor, and we’re planning to receive 10-12 million tourists a year,”  said Miklushvesky, governor of Russia’s Primorye region. “Why is tourism possible in Vladivostok?  First, it’s the unique location of Primorye.  There is a population from 200 to 300 million people within a one- to two-hour flight from us.  Of course, I mean citizens of China, Korea, and Japan.  And we are waiting for, and anticipating, their arrival.”

Salavat Rezbaev says another key to the region’s development will be investment from China. He is brokering Chinese investment for a $4 billion new port, and $30 billion new town.

 “Seven to 10 years ago, it would be unimaginable to offer a serious level of Chinese investment in certain areas of the economy, certain sectors,” said Rezbaev, who is chairman of New Age Capital Partners. “Right now, we’re witnessing it.  Not only are we witnessing it, we’re doing it, and we’re getting support from the regulators, from the government.”

Top-level backing was clear in early September when President Vladimir Putin inaugurated a plant to assemble Japanese Mazda cars in Vladivostok. Elizaveta Badalova represents Sollers, the Russian side of the joint venture.  Sollers also assembles SsangYong cars from South Korea in Vladivostok.

“Customers in Vladivostok used to buy used vehicles and the vehicles from Japan,” Badalova said.  “But now when they see their own plants and their own territory working, I think the impression is better.”

Foreign investors praise Vladivostok’s central location.

Clive Bowen, from Britain, plans to build a $200 million motor sports center near the new airport. 

“We are within an hour to an hour-and-a-half from all of the key markets for motor sports in Asia - so you have Japan, South Korea, and China,” he said, joined by the Russian Project President Vitaly Verkeenko.

By embracing Asia, Russia may finally create its own hot city on the Pacific Rim.

You May Like

Turkey's Controversial Reform Bill Giving Investors Jitters

Homeland security reform bill will give police new powers in search, seizure, detention and arrests, while restricting the rights of suspects, their attorneys More

Audio Slideshow In Kenyan Prison, Good Grades Are Path to Freedom

Some inmates who get high marks could see their sentences commuted to non-custodial status More

'Rumble in the Jungle' Turns 40

'The Champ' knocked Foreman out to regain crown he had lost 7 years earlier when US government accused him of draft-dodging and boxing officials revoked his license More

This forum has been closed.
Comment Sorting
Comments
     
by: Gennady from: Russia, Volga region
September 27, 2012 11:27 AM
For 12 years the regime was unable to eradicate sharp difference in Russia’s regional development. Why will Vladivostok be an exception? Mr Putin in his May’s Decree wanted the government to address the problem but nothing happened as some ministers opposed to the Decree. http://www.kremlin.ru/news/16493, http://www.kremlin.ru/news/16503. In an interview to Vedomosti.ru a high ranking bureaucrat said “Its easy (for the President) to throw money (billions $) and promises than to build new roads in the Far East as they are being destroyed by rains”. It sounds as if no other country in the South-East Asia has any road.

In Response

by: Charlie from: UK
October 01, 2012 4:34 PM
The ways things work are the same in Russia and China.If you want the contracts,you come up with some bankhand money,and you can forget about all the nitty gritty.For years the Russians have been worried about large Chinese immigrant population in Vladivostok.With more investments from China that would open the floodgate to more Chinese which could pose a threat to Russian sovereignty in the near future when the Chinese immigrants decide to break away from Russia and join up with Mother China as it has happened in former Yugoslavia.

What's the point in having foreign investment when it doesn't create jobs or improve the way of life for the local population? Would China have got to where it is today if the West and Japan have invested in the same way as them? Just get the resources,make the money and forget about polution,exploitation and sufferings

In Response

by: Jonathan Huang from: canada
September 28, 2012 10:10 PM
worry01fromus, you are wrong, China's investment focus on natural resources, so there is no such thing as investment return, as long as we have the accesses to those resources, we will keep invest. Another main investment is market, the main problem in Russia is the consistence of policies, if you dont have a fix rule how can we play a fair game? And for sure Russia is worried about too much China influence.

In Response

by: Worry01 from: U.S.
September 28, 2012 4:19 AM
I would be a bit wary. If China is only offering short-term investment, the residents could be left holding the bag for projects that Chinese companies decide to abandon. Some African countries have had that experience in recent years with some Chinese firms. The Chinese failed to take into account the poor infrastructure and skill level of the workforce, and lost patience when their capital investment did not yield rapid returns.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Victorious Secularists Face Challenge to Form Government in Tunisiai
X
Henry Ridgwell
October 30, 2014 11:39 PM
Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Victorious Secularists Face Challenge to Form Government in Tunisia

Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Africa Tells its Story Through Fashion

In Africa, Fashion Week is a riot of colors, shapes, patterns and fabrics - against the backdrop of its ongoing struggle between nature and its fast-growing urban edge. How do these ideas translate into needle and thread? VOA’s Anita Powell visited this year’s Mercedes Benz Fashion Week Africa in Johannesburg to find out.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.

All About America

AppleAndroid