Exec says BAM, Transsib 2nd stage invest seen at 492 bln rbl - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Exec says BAM, Transsib 2nd stage invest seen at 492 bln rbl

MOSCOW, Jun 6 (PRIME) -- Russian Railways will have to invest 492 billion rubles in the second stage of the BaikalЦAmur Mainline (BAM) and the TransЦSiberian Railway (Transsib), Pavel Ivanov, director of the traffic management department, said at a briefing on Wednesday.

УWe are carrying out large-scale development projects of Transsib and BAM, and the second stage of the development, until 2025, has been already calculated today. (It is) 492 billion rubles,Ф Ivanov said.

The official said that Russian Railways will use own funds to finance the project.

The first stage of the BAM and Transsib upgrade, one of the largest infrastructure projects in modern Russia, was estimated at 562.4 billion rubles, of which 110.2 billion rubles were financed from the state budget and 150 billion rubles from the National Wealth Fund.

(61.9822 rubles Ц U.S. $1)


06.06.2018 17:19
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