UI-UP project scheme to be prepared by Nov., 2012
The scheme of implementation of the project "Ural Industrial-Ural Polar" (UI-UP) will be prepared by November 2012, the Ministry of Transportation said.
The project future was discussed at the meeting on the "Ural Industrial - Ural Polar" with the establishment of the Northern passage chaired by Maxim Sokolov, Minister of Transport.
General Director of JSC Development Corporation Alexander Beletsky, in his report said that during the preparation of investment memorandum it was decided to abandon the base scenario, approved in 2010. According to him, an alternative scenario does not include the construction of combined bridge over the Ob River in favor of building only the railway bridge, which will reduce the total cost of the project. The construction will be funding by YZDK at the expense of borrowed funds.
The scheme of the concession agreement will accelerate the launch of the project, attract cheaper funding and will be the starting point in the development of the Yamal Peninsula.
JSC Development Corporation (formerly - Corporation Ural Industrial - Ural Polar) was created to promote the development and implementation of the project with the same name. The main shareholders of the company are the administrations of the Tyumen region, Chelyabinsk Region, Khanty-Mansi Autonomous District (Okrug) and Yamalo-Nenets Autonomous District.