The Russian Railway will receive 260 billion rubles on BAM and Trans-Siberian Railway development

Apr 4 • Business, Infrastructure, News • 1083 Views • No Comments on The Russian Railway will receive 260 billion rubles on BAM and Trans-Siberian Railway development

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Russian government is ready to allocate 260 billion rubles for modernization of Baikal-Amur (BAM) and Trans-Siberian highways. About it the Vedomosti newspaper on April 2 writes with reference to the representative of the company.

According to the updated general scheme of development of a network of the railroads till 2020 which prepared the Russian Railway, the company intends to invest 562 billion rubles in infrastructure of the Far East.
In the middle of March prime minister Dmitry Medvedev declared that the program of financing of social and economic development of the Far East will manage in 10 trillion rubles. This sum includes state means, loans and investments.
During Chinese President Xi Jinping’s visit to Moscow in March 2013, agreed to develop coal resources in eastern Siberia, which underlined the countries’ intentions.
Trans-Siberian Railway has come to life in the 21st century to play a pivotal role in cargo transport, connecting economies from Europe to the Asia-Pacific region. There are also efforts in other nations to create a multilayer railway network linking Europe with Asia.
For landlocked nations like Mongolia wants to get a foothold into such a network provides an opportunity for economic development and has also begun investing in railway construction. Plans call for connecting the Trans-Siberian Railway with the huge coal mine in a few years.  Although the coal mine is actually closer to the Chinese border, the strategy among Mongolia can utilize the Trans-Siberian Railway to export the coal to Russia, Japan and South Korea. While maintaining a delicate balance between China and Russia, Mongolia is also seeking an exit to the Sea of Japan for its enormous reserves of natural resources.


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