New Russian port on border with China and North Korea

Construction is set to begin in Russia’s Primorye region of the new Severniy port, which is on the border of China and North Korea and opposite Japan. It will have an annual capacity to handle 20mt (million tonnes) of coal, which will be shipped to the Asia-Pacific region. It will have four berths along a 900-metre long quayside. Construction will take three years.
Initially, capacity will be around 6mt, rising to 20mt by 2025.

The state is investing $340 million, with a further $190 million to be stumped up by the private sector, which will include contributions from Summa and the China Development Bank.