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Investor wants to build second Severomuisk tunnel under concession - EastRussia | Far East

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The investor wants to build a second Severomuisk tunnel under the concession

The investor wants to build a second Severomuisk tunnel under the concession
Photo: pixabay.com

The Sibanthracite group of Dmitry Bosov proposed that the Russian government conclude a concession agreement for the construction of the second Severomuisky tunnel on the Baikal-Amur Railway (BAM). Its value is estimated at 150,7 billion rubles - this is compensation for construction costs.

According to RBC with reference to a company representative, Sibanthracit intends to build a tunnel by 2025 year without attracting budget funding. After the commissioning of the object, it will be given over to the state.

The government is invited to conclude a concession agreement for ten years. During the first five years, the company will build a tunnel, and the next five years will receive rental payments from Russian Railways. Since Sibanthracite plans to build a tunnel at its own expense and with borrowed funds, it expects to recover capital costs, debt servicing costs, capital income (15%), income tax and property tax.

The construction of the second phase of the Severomuisk tunnel at BAM will last пять лет. The work will be performed by the Sibanthracite group and Vostokugol management company. About readiness to tackle the Severomuisk railway tunnel, co-owner of Sibanthracite and Vostokugol companies Dmitry Bosov said last year, and in this he asked Vladimir Putin to provide Sibanthracite priority access to BAM and the Trans-Siberian Railway for 25 years for the transportation of 50 mln tons of own cargoes in exchange for construction at the expense of own funds of the Severomuisk tunnel-2.

In August construction began second Severomuisk tunnel. It was planned to begin its sinking in the year 2020. By the end of the year, builders will begin to build a reinforced concrete tunnel lining plant, and the tunnel will be built on both sides. After its commissioning, the throughput capacity in this section of the BAM will increase to 100 million tons of cargo per year.