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Russian government to allocate 20 billion for the development of BAM and Transsib - EastRussia | Far East

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The Russian government will allocate 20 billion for the development of BAM and Transsib

To implement major infrastructure projects, the authorized capital of Russian Railways has increased by 54,88 billion rubles, 20 billion of which will be used to upgrade the infrastructure of the Baikal-Amur and Trans-Siberian railways.

The decree was signed by Prime Minister Dmitry Medvedev. According to the press service of the Ministry of Economic Development and Trade, financing for large projects was provided for in the federal budget.

As part of the investment program of Russian Railways, it is planned to implement in the Far East a project for the second stage of the development of the railway infrastructure of the Eastern Polygon before 2023. By 2025, they intend to create in addition at least 114,7 million tonnes of freight capacity per year. Estimated cost of implementation of activities - 493,2 billion rubles.

The first stage of the railway infrastructure modernization program of BAM and Transsib is implemented from 2013. It should end in 2019. The cost of its implementation is estimated at 562,4 billion rubles.