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The government has postponed the financing of the BAM and the Trans-Siberian Railway
The Russian government decided to suspend the additional issue of Russian Railways by 40 billion rubles for the modernization of BAM and the Trans-Siberian Railway for 2020. Only half of the funding will be allocated to the project - 19,5 billion rubles.
The company will receive money for another project - the development of the Mezhdurechensk-Tayshet section. As reported RBC, an additional issue of Russian Railways for 40 billion rubles was registered on October 14, before the end of the year the company had to conduct another additional issue for the development of the Mezhdurechensk-Tayshet section. However, according to the rules of the Central Bank, two issues cannot be carried out simultaneously, so the company will receive an additional issue of 8,6 billion rubles for the development of the infrastructure of the Eastern landfill on the Mezhdurechensk-Tayshet section and only half for BAM and the Trans-Siberian Railway.
Mezhdurechensk - Tayshet is part of the route by which raw materials are transported from the Kemerovo region, Khakassia and Krasnoyarsk Territory to the ports of the Far East, and then to Asian countries. Vladimir Putin set the task - by 2025, to double freight traffic along this route. Its eastward increase also depends on the expansion of the Baikal-Amur Mainline and the Trans-Siberian Railway, however, the development of these routes is constantly delayed. The work planned for this year did not start on several stages because of problems with contractors, so the project budget was cut by more than 30 billion rubles.