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In the modernization of BAM and Transsib invested 560 billion rubles to 2018 year - Medvedev

In the modernization of the Baikal-Amur and Trans-Siberian railways, 560 billion rubles are invested up to 2018. This was said by Russian Prime Minister Dmitry Medvedev at a meeting with vice premiers, the press service of the Russian government said.

“It is clear that these roads are very important for us, they should help both Siberia and the Far East, so we are investing in the modernization of both BAM and Transsib very serious funds. In total, this is 560 billion rubles by 2018, of which 110 billion is directly from the budget, another 150 billion - from the National Welfare Fund and more than 300 billion - through the investment program of the Russian Railways. The NWF money is invested on a repayable basis, but nevertheless it is still very significant funds, ”Medvedev said.

As Deputy Prime Minister Arkady Dvorkovich reported, the project to modernize and expand the capacity of BAM and Transsib is already being implemented. “Before the approval of the project passport, it was implemented only within the framework of the Russian Railways investment program. Now there is an opportunity to start investing money from the federal budget and money from the National Wealth Fund on a returnable basis, ”he explained.

According to him, by the year 2018 will be provided with the transportation of goods in additional volume 66 million tons. "This is necessary in order to fully ensure the carrying capacity of new fields being developed in the areas of BAM, Transsib and the Kuzbass coal mining region, where there is a need to increase coal production and supply to the market of the Asia-Pacific region", - said -premer.

The order on approval of the passport of the BAM and Transsib modernization project was published on the government website. “The passport of the investment project“ Modernization of the railway infrastructure of the Baikal-Amur and Trans-Siberian railways with the development of carrying and carrying capacities ”was approved. The passport was prepared in accordance with the Rules for the placement of the National Wealth Fund in the securities of Russian issuers related to the implementation of self-sustainable infrastructure projects, ”the document says. 

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