RF President gives instructions for allocation of RUB 100 bln in 2017 to modernize BAM and Transsib infrastructure
RF President Vladimir Putin approved a list of instructions following an August 3, 2017, meeting on implementation of large-scale investment projects in the Russian Far East, says official website of the Kremlin.
Taking into account the President's previous instructions, the Government should provide financing for the investment project to modernise the railway infrastructure of the Baikal-Amur and Trans-Siberian railways with the development of their throughput capacity. Financing should be covered by the National Welfare Fund within a limit foreseen for such purposes in 2017–2019, up to RUB 100 bln in 2017 and up to 50 bln in 2018.
The report is expected before 1 November 2017 with further reports expected once in half a year.
The President instructed that the target parameters of programmes for the development of energy and port infrastructure in the Far Eastern Federal District, plans for the development of the Baikal-Amur and Trans-Siberian railways and development plans for major cargo consignors and receivers on the territory of the district all be synchronized in cooperation with other interested parties.
The report is expected before 1 December 2017.
Besides, RF Government is instructed to ensure financing of dredging operations at the Zeya river so that oversized and heavy cargo could be delivered to the construction site of the Amur refinery and Amur gas chemical facility.
The report is expected before 1 December 2017 with further reports expected once a year.
