China To Build Apartments In Russia
News: China State Construction Engineering Corporation (CSCEC) signed a US$712mn contract to build 15,000 affordable apartments in Khabarovsk, Russia. The Khabarovsk Large Housing Project will be implemented in five phases. The project will cover an overall floor space of 790,000m 2 and usable area of 530,000m 2. The project will be funded through loans granted under a US$5bn framework agreement signed between the Ministry for Development of Russian Far East and China Development Bank.