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Friday, March 29, 2024

Russian companies keen on PH infra projects

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A business delegation from Russia expressed interest in participating in the Philippines’ infrastructure and construction sector.

Russia’s Ministry of Economic Development and Ministry of Transport sought the assistance of the Philippine Chamber of Commerce and Industry to discuss the capacity of Russian companies to participate in infrastructure projects like transport systems and power facilities.

President Vladimir Putin of Russia sent the delegation in response to an invitation by President Rodrigo Duterte during the 2016 Asean Summit in Laos.

PCCI informed the delegation about how business works in the Philippines.

Meanwhile, the Philippines-Russia Business Council showed interest in the Philippine sanitary and phytosanitary rules for mangoes, bananas and other fresh Philippine fruits as it plans to meet with reliable buyers or traders of farm products.

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Both sides recognized the need for reliable port calls by ships and low-cost and shorter routes between Vladivostok and Manila.

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