The sum does not include the Baltic Pearl mega-complex construction project, she added.
Today, Matvienko met at the negotiation table in Beijing with Li Huei, China's Deputy Minister of Foreign Affairs, and Zeng Peiyan, State Council Vice-Premier, in charge of economic issues and capital investment.
"The host Party extremely highly appreciates the present scope of Sino-Russian relations, and emphasizes its interest in ever closer contacts, with an emphasis on economic ties," said the visitor. Chinese spokesmen at the Beijing conferences confirmed their country's intention to invest a total $12 billion in the Russian economy before 2020, she added.
St. Petersburg, Russia's second-largest city, is anxious for capital investment in ambitious municipal infrastructure projects-in particular, a tunnel to be laid under the river Neva, and speed trams.
Zeng is determined to take part in a gala to lay the Baltic Pearl foundation stone, said Matvienko.
A posh neighborhood the giant project envisages will take up 200 hectares to accommodate more than 35,000, with a 1,062,000 square meter housing area plus a community center, a shopping area, recreation facilities, a park run on commercial arrangements, and a sophisticated transport network. The Shanghai Industrial Investment Company is ready with $1.5 billion to fund the endeavor.
