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Yakutia and China: Landmarks in the history

Zhuoda

People’s Republic of China is a world leader in many sectors of the economy.
The Russian Federation as a world power is open to cooperation with China:Russia has enough opportunities for the development of a business. For example, Yakutia, which occupies a considerable part of the Far East, the republic has long established contacts with Chinese investors and entrepreneurs.
January 16, 2015 in the capital of the republic Mayor Aisen Nikolayev and Yan Chzhanfu, Director General of the Chinese investment company "Zhuoda," signed a contract to begin construction in three blocks of Yakutsk.  The total area of buildings is more than 100 hectares, more than 300 houses will be built, quadrature is 800 thousand sq.m, and 680 000 sq. m. of usable area.

Yan Chzhanfusaid that the investment will amount to more than 40 billion rubles. Under the terms of contract, Yakutsk will be able be to redeem new buildings at the state set price (53 000 rubles per square meter – Editor’s note).

Yan Chzhanfu, Director General of the Chinese investment company "Zhuoda":

- Yakutia fascinates by its rich landscapes, richness of the subsoil and sincerity of the people living here.A warm welcome and support we’ve got in Yakutsk became one of the reasons why we decided to invest in this city. This is a special city, it is built on permafrost, and lapse rate of temperature is huge.If those innovative building materials that are produced by our corporation survive such harsh climatic conditions, which I have no doubt, we will be proud of this project.Speaking in general about the relationship between our two countries, in 1950-60 the more developed Soviet Union used to build factories and homes in China.Today "Zhuoda" is building all over the world, but we cannot forget the many years of friendship with Russia.We can and want to do something in response.I am confident that with the implementation of this project, we will bring joy to the residents of Yakutsk, and be able to enter the Russian market.

The total area of buildings is more than 100 hectares, more than 300 houses will be built, quadrature is 800 thousand sq.m, usable area - 680 000 sq. m.The investment will amount to more than 40 billion rubles.

Aisen Nikolayev, Mayor of Yakutsk:

- The signing of this agreement was a conclusion of the negotiations, which lasted more than two years.This is the first major investment project developed by the city administration, and its implementation will be a catalyst for change in appearance of the capital of Yakutia.The signing of the contract with "Zhuoda" marks the beginning of a new urban policy, aimed at a comprehensive development with the creation of social infrastructure and public spaces in accordance with the demands of the population in our city.I am sure that the project is helping to reduce the cost of housing in Yakutsk and will help us, including the federal program of resettlement from the emergency shelter.

The investment project of building was designed by the city administration in 2012, and in 2013 presented at the Harbin International Economic and Trade Fair, where it caused interest of the «Zhuoda" corporation.

 Yakutia as a whole is a strategic region for the development of Sino-Russian relations as a rich resource region of Russia.The republic is a highly profitable asset, and in addition to construction projects, you can develop many others, the main ones are mining and agricultural industries.Today Yakutia still remains virtually unexplored for foreign investment and thanks to this project the republic will strengthen international cooperation with China.