28 Apr '11
The United Shipbuilding Corporation (USC) and Korean company Daewoo Shipbuilding Marine Engineering (DSME) intend to invest $90m into ongoing construction of Zvezda-DSME shipyard in the Bolshoy Kamen Bay in Primorsky region in 2011, news agency RIA Novosti reports.
The Korean company’s share in the project reportedly totals 20%.
By now, the partied have invested a total of $22m into the project.
Under plans, the Zvezda-DSME shipyard is to produce heavy-tonnage ships.
Construction is scheduled to be completed in the end of 2012, with some facilities to be launched in 2011.