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EastRussia Bulletin: FGC UES to invest 85 billion rubles in BAM and Trassib
PJSC FGC UES (controlled by Rossetiam) presented an investment program plan for 2020-2024 in the amount of 559 billion rubles, of which 85,8 billion is provided for the construction of power supply facilities for the Baikal-Amur and Trans-Siberian highways, according to the next published bulletin issue EastRussia.
The investment program was sent to the Ministry of Energy of Russia. New substations and trunk networks are required by Russian Railways in connection with the increase in electricity consumption for train traction and for the construction of new infrastructure. The first stage of the investment program provides for the construction of 18 energy facilities for the needs of Russian Railways, half of which will be located in the Far East.
However, the funds included in the investment program may be enough only to complete the facilities already under construction, which are necessary to expand the BAM and Trans-Siberian freight traffic to 120 million tons per year. FGC does not yet have a full assessment of the required volumes of work, since Russian Railways did not provide their calculations.
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