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Russian companies for 20 years modernize 3,5 thousand km of railways in the DPRK - Minskostokrazvitiya

Minister of the Russian Federation for the Development of the Far East Alexander Galushka and Minister of Foreign Economic Relations of the DPRK Li Ren Nam took part in the solemn ceremony of laying the "golden link" of reconstruction of the DPRK railways. It took place at the Pyongyang East railway station

According to the press service of the Minsk Region, this was the start of the implementation of a large-scale commercial transaction to modernize the Russian companies of the DPRK railways in exchange for North Korean mineral resources. "A group of Russian companies (Mostovik, etc.) has agreed with the Ministry of Railways of the DPRK on the terms of the project, named" Victory. " In accordance with the signed agreement, during 20 years 3 500 km of the upper track structure will be reconstructed, as well as an artificial structure, including tunnels, bridges and substation routes. The expenses of Russian organizations will be covered by the supply of coal, rare earth and non-ferrous metals and other resources from the DPRK, "the ministry explained. Estimated cost of the project "Victory" - 25 billion dollars.

According to the general director of the NGO Mostovik Oleg Shishov, together with the government of the DPRK, a plan for the reconstruction of railways has been developed, according to which a modern high-capacity railroad will be built and corresponding to the highest level of security in the world. Together with the government of the DPRK, "we have identified the sources of financing, our plans are balanced," Shishov said.

ДFor Russian companies, the Victory project is a practical example of the implementation of a new model of trade and economic cooperation with the DPRK, involving the participation of domestic companies in the implementation of infrastructure and other projects on the territory of the DPRK in exchange for access to North Korean mineral resources, stressed Alexander Galushka.

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