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The project of a railway branch in Tyva and a coal port terminal in the Far East should receive funds from the SWF
The project of the railway branch Elegest-Kyzyl-Kuragino in Tyva and the coal port terminal in the Far East, in conjunction with the development of the mineral base of Tyva, should receive funds from the National Welfare Fund (NWF) in the amount of about 87 billion rubles. In June, the federal government should prepare an act that will approve the passport of the investment project, which is the main condition for the allocation of funds from the NWF, said Deputy Economic Development Minister Nikolai Podguzov during an expanded meeting of the government of the Tyva Republic.
The administration of the republic reports that the deputy minister positively assessed the project and added that the first tranches from the National Welfare Fund could be received for its implementation in September.
"The Elegest-Kyzyl-Kuragino railway project is the first project to be implemented with the participation of funds from the National Wealth Fund," Podguzov commented.
The new railway line with a length of about 400 km should connect the largest coking coal deposit (Elegestskoye) in the Republic of Tyva with the Trans-Siberian Railway and provide export for the South-East Asia market.