Russia is reported to be involved in a project to improve North Korea’s dilapidated power grid and build a new transmission network – a scheme that could cost up to $30bn.
For more international stories visit the CIOB’s global construction website GCR
A source in Beijing told a Korean newspaper that the plan would involve part payment in rare earth metals from North Korea.
The news follows reports that North Korea’s leader, Kim Jong-un (pictured), has accepted an invitation to visit Russia in May for the 70th anniversary celebrations of its World War II victory.
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