Arkhangelsk Region hopes to reach agreement with Poly Group on Belkomur in February-March 2017
The Arkhangelsk Region hopes to reach an agreement with Poly Group on Belkomur project in February-March 2017, IAA PortNews correspondent cites Vladimir Shchelokov, Vice-Governor of the Arkhangelsk Region, as saying at Offshore Marintec Russia, International Offshore and Maritime Exhibition & Conference.
Vladimir Shchelokov says Poly Group is going to invest up to $5.5 bln in the Belkomur. Total investments into the project will make RUB 225 bln.
Turnover of the Belkomur railway is to make up to 35 mln t-km.
Belkomur project is linked with the plans on creation of a deepwater area at Arkhangelsk seaport. Negotiations with Poly Group on this project are also in progress but this project features less elaboration so far. Investments needed for creation of a deepwater area at Arkhangelsk seaport are estimated at RUB 120-150 bln.
The project includes a construction of a new rail way 1252 km long, including a new construction of 795 km, the rest is reconstruction and modernizing of the existing lines. Belkomur consists of 2 parts: Northern and Southern. The first one crosses Arkhangelsk region and the Republic of Komi, the second one crosses the Republic of Komi from Syktyvkar to Perm region.
The Belkomur project (White Sea - Komi - Ural) involves the construction of the railway Arkhangelsk - Syktyvkar - Solikamsk (Perm) to the length of 1161 kilometers, working as the logistical basis for an integrated industrial and infrastructural development of the regions of the European North of Russia.
Construction and reconstruction of the railway transport infrastructure within Belkomur project will help to develop economic potential of the Republic of Komi, the Perm Region, the Arkhangelsk and Murmansk regions and establish business relationships with PRC organizations and companies.
The company Poly Technologies, Inc will be the general contractor for the project: they will take part in the financing, design and construction of new sections (712 km highway) and the modernization of existing segments (449 kilometers of railway).
The Republic of Komi, the Arkhangelsk Region and the Perm Region are the project initiators and major Belkomur shareholders.
