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A South Korean consortium plans to carry out a second inspection on a North Korea-Russia economic project in a bid to closely examine its business feasibility, an official of the consortium said Monday.
“Details of the second inspection have yet to be determined, but we are in talks to visit the project site,” the official said.
“The first inspection was no more than a look-through, so an additional survey is needed to assess closely the business feasibility of the project.”
The consortium consists of three South Korean companies ― the state-run railroad operator Korea Railroad Corp., the country’s largest steelmaker POSCO and the No. 2 shipping company Hyundai Merchant Marine Co.
An 18-member delegation had inspected Rajin, North Korea’s No. 3 dock on its northeast coast, and the railway between Rajin and Khasan, the nearby Russian eastern border city, from Feb. 11-13.
North Korea watchers said the so-called Rajin-Khasan logistics project would make the North Korean port city a logistics hub by connecting it to Russia’s Trans-Siberian railway. (Yonhap)
“Details of the second inspection have yet to be determined, but we are in talks to visit the project site,” the official said.
“The first inspection was no more than a look-through, so an additional survey is needed to assess closely the business feasibility of the project.”
The consortium consists of three South Korean companies ― the state-run railroad operator Korea Railroad Corp., the country’s largest steelmaker POSCO and the No. 2 shipping company Hyundai Merchant Marine Co.
An 18-member delegation had inspected Rajin, North Korea’s No. 3 dock on its northeast coast, and the railway between Rajin and Khasan, the nearby Russian eastern border city, from Feb. 11-13.
North Korea watchers said the so-called Rajin-Khasan logistics project would make the North Korean port city a logistics hub by connecting it to Russia’s Trans-Siberian railway. (Yonhap)
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Articles by Korea Herald
