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Minister of Finance of Russia: construction of a bridge to Sakhalin economically unprofitable
Russia's first deputy prime minister, finance minister Anton Siluanov, said that building a bridge to Sakhalin from mainland Russia is not economically viable. According to RIA News", answering the question whether there is an economy in creating a bridge to the island, the minister replied that there is none.
In October, First Deputy Transport Minister Innokenty Alafinov reported that the Russian Ministry of Transport in the near future does not plan to build a transition from the mainland to Sakhalin. At the same time, he said, the construction of a bridge to Sakhalin was not included in the comprehensive plan of the state program “Development of the transport system” for the next year.
Even in the development plan for the backbone infrastructure, the project is included with reservations. It states that the transition is planned with additional financial support, confirmation of the forecast cargo base and funding from extrabudgetary sources.
The cost of creating a transition to Sakhalin is estimated at 637 billion rubles. Recently, Railways offered to finance a bridge to Sakhalin by private investors. The company is ready allocate 3,5 billion rubles to prepare a feasibility study project. The total cost of the project is estimated at 536,8 billion rubles.