Singapore DPM's visit to Russia yields new tie-ups

Singapore DPM's visit to Russia yields new tie-ups

CHANGI Airport could forge a joint venture with Russian firms to manage the Vladivostok International Airport, as Singapore and Moscow take another step forward to strengthen ties following Deputy Prime Minister Tharman Shanmugaratnam's visit to Russia.

Apart from the airport in the city of Vladivostok - which hosted the recent Asia-Pacific Economic Cooperation meet - Singapore firms could consider operating airports in the Krasnodar region, ahead of the Sochi Winter Olympics next year.

These proposals were just some of the ones taken up when Mr Tharman met his Russian counterpart, Deputy Prime Minister Igor Shuvalov, and the two co-chaired a high-level Russia-Singapore Inter-Governmental Commission (IGC) in St Petersburg on Wednesday, according to a statement issued by the Foreign Affairs Ministry in Singapore.

The two ministers discussed bilateral cooperation in trade and investment, information and communications technology during the dialogue. Launched in 2009, it is now in its fourth round.

Three memorandum of understanding (MoU) documents were signed.

Singapore's IDA International will team up with the Ministry of Information and Communications of Tatarstan, a region that lies about 800km east of Moscow, to cooperate in e-governance, intelligent traffic systems, public safety, capacity building and training efforts.

ST Electronics will join hands with the same ministry to explore collaboration opportunities in intelligent transport systems, decision transport systems, communications and security, the Foreign Affairs ministry statement said.

The third MoU will see Jurong Consultants tie up with Moglino SEZ of Russia to develop and manage Special Economic Zones in the Pskov region.

Mr Tharman was scheduled to attend the St Petersburg Economic Forum yesterday and give a speech at a panel discussion on reforming global finance. Later, he was expected to visit Kazan, the capital of Tatarstan.

The fifth round of IGC discussions will be held here next year.

CHANGI Airport could forge a joint venture with Russian firms to manage the Vladivostok International Airport, as Singapore and Moscow take another step forward to strengthen ties following Deputy Prime Minister Tharman Shanmugaratnam's visit to Russia.

Apart from the airport in the city of Vladivostok - which hosted the recent Asia-Pacific Economic Cooperation meet - Singapore firms could consider operating airports in the Krasnodar region, ahead of the Sochi Winter Olympics next year.

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