A RUSSIAN construction firm has expressed an interest in infrastructure projects in the Philippines, including airports in Luzon and Palawan, the Department of Foreign Affairs (DFA) said.
Alexander Efremov, Deputy Chief Executive Officer of Tomskoblstroy, recently paid a courtesy call on Philippine Ambassador to the Russian Federation Carlos Sorreta to discuss the projects, a news release from the DFA disclosed.
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.
Quoting Efremov, DFA said there is presently strong interest in the Philippines among members of the Russian business community.
DFA added that that Tomskoblstroy 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,” Efremov was quoted as saying.
Sorreta affirmed the embassy’s full support to Philippine-Russia economic cooperation, including involvement of Philippine and Russian companies in large-scale projects.