Russian Railways says BAM and Transsib expansion project will be completed in 2019
The completion of the project on the expansion of the Baikal-Amur Mainline (BAM) and the Trans-Siberian Railway (Transsib) has been postponed from 2018 to 2019, IAA PortNews correspondent cites Oleg Belozerov, President of Russian Railways, as saying at the SPIEF (St. Petersburg International Economic Forum).
According to the head of Russian Railways, RUB 111 bln will be spent for the project in 2016 and the work under the project will intensify in 2017.
RF Government approved the program on expansion of the BAM and Transsib capacity in 2013. Initial plan on expansion of their annual capacity up to 55 mln t by 2018 was later adjusted to 75 mln t. The resources for the project implementation are allocated from the National Welfare Fund.
Related links:
RF Government orders to allocate RUB 150 bln from NWF for BAM and Transsib >>>>
Construction and assembly operations under BAM and Transsib modernization to commence this summer, Vladimir Putin says >>>>
On the development of Trans-Siberian Railway and Baikal-Amur Mainline >>>>
