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The cost of upgrading BAM can be reduced - EastRussia | Far East

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The cost of upgrading the BAM can be reduced

In OAO "Russian Railways" can reduce the cost of the BAM modernization project

The cost of upgrading the BAM can be reduced
Russian Railways OJSC admits a reduction in the cost of the BAM modernization project, head of the company Oleg Belozerov told reporters on the sidelines of the CIS Railways Council.

“We have reserves at the cost of BAM. I believe that the investment pass will be revised downwards, ”he said.

In general, the financing of the BAM and Transsib modernization project in accordance with the financing passport amounts to 562,4 billion rubles, including the funds of the Russian Railways - 302,2 billion rubles, contributions to the authorized capital from the federal budget - 110,2 billion rubles and the NWF funds - 150 billion rubles. The funds of the NWF are distributed as follows: by 50 billion rubles annually from 2014 to 2016 year, Interfax reports.

The head of RZhD also noted that it allows adjusting the project financing for the next year: for example, direct funds from the budget can be transferred from 2015 year to 2016 year, and in 2015 only FNB funds and the company's own funds will be used.