A Russian company is interested to invest in PHL infrastructure projects

Mr. Alexander Efremov, Deputy CEO of Russian construction firm TOMSKOBLSTROY paid a courtesy call on Philippine Ambassador to the Russian Federation Carlos D. Sorreta to discuss the company's participation in infrastructure projects in the Philippines, including airports in Palawan and Luzon.

TOMSKOBLSTROY is a general contractor of industrial and civil construction works. The company is based in the Siberian city of Tomsk and has completed various residential apartment buildings and industrial projects.

According to Mr. Efremov, there is presently strong interest in the Philippines among members of the Russian business community. He added that their company is currently engaged in advanced talks with Philippine partners and looks forward to concluding discussions soon.

"We have been watching carefully the developments in the Philippines. The governance under President Rodrigo Duterte is very encouraging to businessmen and investors," he said.

Ambassador Sorreta affirmed the Embassy's full support to PH-Russia economic cooperation including involvement of Philippine and Russian companies in large-scale projects.

Source: Philippine Information Agency