Russia-South Korea relations appear to be reaching new heights. While Moscow and Seoul have been in talks concerning a $2.5 billion inter-Korean gas pipeline, a potentially even more lucrative venture has appeared. The project is a $30 billion undertaking by the Russian state-owned North Caucasus Resorts Company (NCRC). The goal is to develop a sprawling system of five ski resorts, five modern seaside resorts, and health spas, spanning from the Black Sea to the Caspian Sea. This enormous project would include nearly 550 miles of ski routes, a railway system, and a transportation system connecting nine airports, two of which have yet to be constructed. And in all of this, South Korea has earned first dibs to provide the energy and delivery systems for this ambitious tourist mega cluster. The first foreign investors—Korea Western Power (KOWEPO), a South Korean state-owned gas company and CHT Korea—announced last week a $1 billion investmentin ...
Read More...
No comments:
Post a Comment