ID :
188910
Thu, 06/16/2011 - 05:48
Auther :
Shortlink :
https://oananews.org//node/188910
The shortlink copeid
North Korea Leases Pier on Northeastern Port to Switzerland
North Korea has leased a pier on its port located near China and Russia to Switzerland, a source said on June 14, citing an unidentified Chinese government official.
North Korea has already leased two other piers on Rajin port to China and Russia, and various consultations are also under way for three other piers, according to the source who has knowledge on the North Korean economy.
The port, located in a North Korean special economic zone known as Rason, provides China with an export route to other countries. The North has striven to develop Rason into a regional transportation hub since 1991, but no major progress has been made.
On June 9, North Korea and China broke ground for their joint project to develop Rason as an economic and trade zone.
The source said details of the North's lease to Switzerland have not been confirmed. A South Korean official said that the North's lease to Switzerland has not been confirmed.
On June 13, a Swiss Foreign Ministry delegation arrived in Pyongyang, the North's official news agency reported in a brief dispatch, without elaborating.
The source also said some European companies plan to invest in Rajin port as well as Hwanggumphyong, an island that sits at the estuary of the Yalu River.
North Korea has already leased two other piers on Rajin port to China and Russia, and various consultations are also under way for three other piers, according to the source who has knowledge on the North Korean economy.
The port, located in a North Korean special economic zone known as Rason, provides China with an export route to other countries. The North has striven to develop Rason into a regional transportation hub since 1991, but no major progress has been made.
On June 9, North Korea and China broke ground for their joint project to develop Rason as an economic and trade zone.
The source said details of the North's lease to Switzerland have not been confirmed. A South Korean official said that the North's lease to Switzerland has not been confirmed.
On June 13, a Swiss Foreign Ministry delegation arrived in Pyongyang, the North's official news agency reported in a brief dispatch, without elaborating.
The source also said some European companies plan to invest in Rajin port as well as Hwanggumphyong, an island that sits at the estuary of the Yalu River.
