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The arrest of the head of the Mostovik company will not affect the implementation of Russian investment projects in the DPRK

The placement of the general director of the Omsk NPO Mostovik Oleg Shishov under house arrest will not in any way affect the implementation of Russian investment projects in the DPRK, since this is being done by a consortium of investors, the RF Minister for the Far East Alexander Galushka told Interfax.

“Bridge Group is engaged in the implementation of projects in the DPRK, and the point is that this project is absolutely autonomous, self-sufficient and alienable. And initially a group of companies united by a common brand Bridge Group is engaged in this project, ”said Mr. Galushka.

The minister did not name the other project participants, citing the fact that the companies themselves decide for themselves the extent to which their participation in the project is revealed. “Oleg Shishov is not alone there,” A.Galushka added.

Russia and the DPRK have begun implementing a large-scale infrastructure joint project that provides for the reconstruction of 20 for thousands of km of railway railways, station tracks, and artificial structures - tunnels and bridges during 3,5 years. In addition, new railways are to be built, in particular, the freight bypass of Pyongyang. The cost of the project, which in North Korea has received the name “Victory”, is estimated at $ 25 billion. In exchange, Russian companies will get access to mineral resources in the territory of the DPRK. Mr. Shishov is one of the key managers of the project, NPO Mostovik was supposed to be engaged in the modernization of the DPRK railways.

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