21 Jul '09
Insurer Gefest has unveiled a $17.3m insurance deal for civil and erection works at the Primorsky Oceanarium project to be carried out on the island of Russky just outside Vladivostok.
The insurance policy is reportedly valid through December 31, 2012.
The oceanarium project is part of regional authorities’ broader plan to turn the island of Russky into a tourist and recreation area, Gefest said. The oceanarium will also be reportedly used as a research base for the Far East branch of the Russian Academy of Sciences.
Vladivostok’s island of Russky will host an Asian-Pacific Economic Cooperation (APEC) summit in 2012.