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Overview

Chinese Government funds Rason Special Economic Zone Construction Project

Commitment Year•2010Country of Activity•Democratic People's Republic of KoreaDirect Recipient Country of Incorporation•Democratic People's Republic of KoreaSector•Trade Policies And RegulationsFlow Type•Vague TBD

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 19, 2010
Start (actual)
Oct 26, 2012

Geospatial footprint

Map overview

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This project involves the construction of the 746 km2 Rason Special Economic Zone, which is is on the western side of the Tumen River in North Korea. It is between 42 08'-42 38'N and 130 07'-130 42'E. It is located in the easternmost end of the country, bordering Russia and China. According to North Korean Economy Watch, the area is surrounded by a 56-kilometer (35 mi) long electrified fence.More detailed locational information can be found at https://www.openstreetmap.org/way/199387489

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of North Korea

Implementing agencies

Government Agencies

  • Government of North Korea

Loan desecription

Chinese Government funds Rason Special Economic Zone Construction Project

Narrative

Full Description

Project narrative

On November 19, 2010 a joint agreement was signed for the development of both the Rason Special Economic Zone and the Hwanggumpyong and Wihwa Island Special Economic Zone (ID #66105). The nature and monetary value of the Chinese Government’s financial support for this project is unknown. The 746 km2 Rason Special Economic Zone is on the western side of the Tumen River in North Korea. It is between 42 08'-42 38'N and 130 07'-130 42'E. It is located in the easternmost end of the country, bordering Russia and China. According to North Korean Economy Watch, the area is surrounded by a 56-kilometer (35 mi) long electrified fence. On October 26, 2012, a formal groundbreaking ceremony took place. The Rason Special Economic Zone was opened by 2014.

Staff comments

This project is also known as the Sino-DPRK Economic Trade Zone Construction project. The Korean project title is 라진선봉 경제특구. The Chinese project title is 羅津先鋒自由經濟貿易地帶 or 羅津先鋒經濟特區.