Tuesday 23 July 2013

Russian Railways invests $18.7 billion in Far East | Russia Beyond The Headlines

Russian Railways invests $18.7 billion in Far East | Russia Beyond The Headlines:

"On July 18, Russian Railways and the Ministry for Development of the Russian Far East signed a cooperation agreement.
The agreement encompasses the reconstruction of the railroad infrastructure in the district—in particular, the construction of a bridge to Sakhalin Island, the modernization of the Baikal-Amur Mainline, the reconstruction of the Trans-Siberian Railway, and the connection of the Trans-Korean Mainline to the network of Russian railroads.
According to Vladimir Yakunin, president of Russian Railways, executing the top-priority development and modernization measures for the Far East railroad infrastructure by 2018 will cost around 562 billion rubles ($18.7 dollars)."

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