RZD and Gazprom to Finance Yamal Railway Construction

OAO RZD and Gazprom will finance Yamal Railway construction, the Rossiyskaya Gazeta reports. A respective agreement is to be signed between the two companies and Yamal District Government.

This is to be a concession project worth of 240 B RUB. The request for funding is yet to be approved by the federal government.

Yamal Railway (aka Northern Latitude Way) is a 700 km railway that would link currently operated North and Sverdlovskaya Railways. The freight potential of the railway is estimated at 20 B tons p.a.

The track includes a bridge over the Ob River. Yamal Governor Dmitry Kobylkin assured the media that the bridge construction is to be started in 2018.