In a speech I gave in London recently I illustrated my thesis on the dynamic developments in the East of Europe with some examples taken from the Gulf of Finland – the key area where the Nordic area, the Baltic countries and Russia comes together.
One of the examples I gave in passing was the impressive Chinese investment in St Petersburg.
The link below shows the details, although I understand that a more recent version of the project means that it will be even bigger.
For up towards 2 billion dollars, a new city for 35 000 people will be built, along with major commercial centers and different public services.
It’s de facto a new and very modern town that will rise up by the Gulf of Finland.
Impressive. Who would have believed this 15 years ago?