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2008 February 28   12:46

Russian Railways to invest RUR 113 billion into Far East railway infrastructure till 2015

By 2015, Russian Railways plans to invest RUR 113 billion into the development of the Far East railway infrastructure, PRIME-TASS refers to the company’s announcement.

The above amount will include RUR 50 billion to be invested into reconstruction of Trans-Siberia railway and RUR 63 billion – into strengthening of Baikal-Amur Maunline. As President of Russian Railways Vladimir Yakunin told today, in 2008 the company is to invest RUR 2.5 billion into reconstruction of Owen – Vysokogornaya section including the construction of Kuznetsovsky tunnel.

Total value of the project on reconstruction of Owen – Vysokogornaya section with the construction of Kuznetsovsky tunnel at Komsomolsk-on-Amur – Sovetskaya Gavan line makes RUR 59.9 billion in current prices, VAT included. Mr. Yakunin says implementation of this project will make it possible to raise the capacity of the line used for domestic transportation of cargo for the Far East region and Sakhalin, as well as for foreign trade with APR states via the port of Vanino and for transportation of transit cargo. The project is to be completed in 2013.

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