Singapore company Baoli Bitumina Singapore (BBS) will invest $2,7 billion in infrastructure projects of the Far Eastern Federal District. A memorandum of understanding on trade, economic and investment cooperation between the Ministry of Development of the Far East and the company from Singapore was signed yesterday within the Krasnoyarsk Economic Forum, informs «Pacific Russia».

According to the document, BBS is based on a public-private partnership in one of the areas of advancing socio-economic development of the Far East high-tech factory for the production of bituminous material and polymer-modified bitumen, as well as port facilities at one of the major port cities of the Far East.

The company intends to invest about $ 50 million in the construction of the plant and about $ 200 million in port facilities. The new facility will serve both domestic and foreign markets, with a focus on exports to China, Japan and the markets of Southeast Asia by sea and rail, according to TASS.