Vladimir Putin: Yamal is our treasury. We developed it and will continue its development

«Yamal is our treasury. We developed it and will continue its development», as the President of Russia Vladimir Putin said, answering the question of a journalist of the regional newspaper «Krasniy Sever» (Red North) about problems of financing of the project «The Northern Latitudinal Railway»: building of the road Salekhard – Nadym is being slowed, gradually the project is becoming more expensive.

The head of the state notes that this powerful railroad project is closely connected with one arctic project «Yamal LNG» and the port Sabetta that is being built now. Of course, the amount of liquefied natural gas on the world market will grow, but this port should be universal, not only hydrocarbons but also other goods should go through it, as Vladimir Putin underlines. In this regard «Yamal LNG» and the Northern Latitudinal Railway are practically impossible without each other. He says that he is surprised that management of the project demonstrates such success. But the issue of budgetary financing requires for additional study, as the President says. At that, he adds that the state cannot stop financing these projects even in existing economic conditions. First, exactly foreign partners invested funds, they started fulfilling this project, and it is impossible to let them down, as the head of the state explains.
As we should note, not only mass media of Yamal but also journalists of Sverdlovsk Oblast planned to arouse the topic of the railroad line under the name «The Northern Latitudinal Railway».