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Russia, China to build "Silk Road" chain of technoparks

MOSCOW. Oct 13 (Interfax) - Russian Direct Investment Fund, Russian-Chinese Investment Fund and the people's government of the Shaanxi province plan to set up a chain of Russian-Chinese technoparks, Silk Road, an Interfax correspondent reported from a ceremony of signing over 30 intergovernmental, interagency and corporate agreements after talks between Russian and Chinese premiers Dmitry Medvedev and Li Keqiang.

Under a Russian-Chinese memorandum, the Russian-Chinese Investment Fund and the administrative committee of the Fengdong New Town in Xixian New Area of the Shaanxi province, will set up a joint venture to build these technoparks. One of the technoparks with an area of 4 square kilometers will appear in Xixian Fengdong and the other, with an initial area of 200,000 square meters, will be built in the Skolkovo innovative center.

The Skolkovo-based technoparks will engage in research. The partners do not rule out, however, that it will launch production in the future if production facilities are opened in the regional free economic zones.

In the medium-term and long-term future the parties want to continue building such technoparks, including three and four in, respectively, Russia and China. Russian technoparks will be subsequently built in Kaliningrad, Vladivostok and Tatarstan, and Chinese in Beijing, Shanghai, Heilongjiang and Guangdong.

The size of investment was not disclosed.