Russian Railways and Gazprom plan to sign the agreement on the Northern Latitudinal Railway
17:11 27 января 2017
Категории: News in English
Russian Railways are preparing to sign the agreement with Gazprom on participation in building of the Northern Latitudinal Railway. This information was given by senior Vice President of Russian Railways Vadim Mikhailov on the Federation Council.
As he notes, the agreement with Yamal-Nenets Autonomous Okrug has been already signed. The agreement with Gazprom is on coordination. All internal departments of Russian Railways and Gazprom will endorse the document. It is ready for signing. The next step is to scrutinize the project on the sitting of the interdepartmental working group on issues of development of railroad transport under leadership of Vice Premier Arkady Dvorkovich.
Senior Vice President of Russian Railways notes that the railroad part of the project will be fulfilled by three basic participants: a concessioner – a special design company, Gazprom and Russian Railway.
The cost of building of the Northern Latitudinal Railway “Obskaya – Salekhard – Nadym – Khorey – Pangody – Noviy Urengoy – Korotchayevo” and adjoining infrastructure is estimated in almost 230 milliard rubles. According to the presentation of Russian Railways, a share of the concessioner makes 113 milliard rubles, of the grantor – 30 milliard and Russian Railways – 105 milliard rubles.
Gazprom builds Nadym-Pangody, transfers it for use and receives the corresponding reward. According to the parameters of the concession, it is supposed that the Russian Federation in the person of the Federal Agency for railway transport will be the grantor, and the special design company will be the concessioner – now it is Russian Railways, but it is planned to scrutinize other interested investors in order they would enter this special design company.
The concessioner will build a concession sector at its own and attracted funds and will fulfill its exploitation during the validity time, which is defined as 35 years, as Vadim Mikhailov explains.
Last October Russian Railways and the government of Yamal-Nenets Autonomous Okrug coordinated the project of building of the Northern Latitudinal Railway. For Russian Railways it will be the first project on the concession scheme, as finanz.ru informs. The president of Russian Railways Oleg Belozyorov declares that the company counts on further spread of this model of cooperation in building of other infrastructural objects.
The length of the Northern Latitudinal Railway is 707 kilometers of railroad bed, which will connect Yamal with the Ural region and the North-West of Russia and will provide connection of transport system of Russia through the port of Sabetta with the Northern Sea Route. It is planned to fulfill the project from 2018 to 2022.