Infrastructure Development and Financing in the Russian Far East

Tadashi Maeda
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Tadashi Maeda: Japan Bank for International Cooperation (JBIC)

The Northeast Asian Economic Review, 2014, vol. 2, issue 1, 19-38

Abstract: The importance of the Asia-Pacific region has increased significantly for the Russian economy. The Russian government's Far East Development Program has shown the way towards infrastructure development in the Far East. Given the regional characteristics of the Far East, it is important to take a flexible approach when selecting priority projects of vital importance and of high utility value, and when utilizing government-led investment to develop transportation infrastructure, while at the same time, proactively inviting private investors when bankable infrastructure projects arise. From such a perspective, JBIC intends to contribute to the "Win-Win" Far East development through the Japan-Russia Investment Platform with RDIF and through partnership with FEDF under the business cooperation. Considering the further deepening relations among North East Asian countries, we see huge potential for growth when viewing the Japan Sea Rim Economic Subregion as a single economic bloc. In order to promote such regional economic development, a bold and flexible way of thinking is needed to take a view of Northeast Asia, including the Russian Far East, as a "plane" from the perspective of international logistics.

Keywords: Russian Far East; Infrastructure; Far East Development Program; Japan-Russia Investment Platform; Japan Sea Rim Economic Subregion (search for similar items in EconPapers)
Date: 2014-03
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