Dmitry Artyukhov: The project “The Northern Latitudinal Railway 2” will be created in logics of extra-budgetary financing
16:54 21 ноября 2018
Категории: News in English
Funds of investors will be attracted for the project “The Northern Latitudinal Railway 2” as well as for other top industrial projects of Yamal – “Yamal LNG”, the Northern Latitudinal Railway. The governor of Yamal-Nenets Autonomous Okrug Dmitry Artyukhov stated this in the sidelines of the Transport week in Moscow.
“Our key projects in much are implemented at extra-budgetary expense. Such as, for example, the Northern Latitudinal Railway. As we know, less than 10 percent will be attracted from the state. The rest is external financing: banks, investors’ capital. That is, we are the territory, where such projects are actually implemented, and we create the practice for the whole country”, said Dmitry Artyukhov.
The budget effect for Russia from implementation of the project “The Northern Latitudinal Railway 2” can be more than 400 milliard rubles of taxes. In addition, the project will allow subsoil users to reduce logistics costs. The launch of “The Northern Latitudinal Railway 2” is planned in parallel with commissioning of the first arctic railroad line “The Northern Latitudinal Railway” in 2023. The cargo base of the project will exceed 8 million tonnes of cargoes per year.
“Quite intensive work on the project is being conducted. But as they say, money loves silence. As soon as we have good news, we shall make it public”, as Artyukhov commented on implementation of the project.
At the present time it is known that the technical and economic feasibility study has been developed for “The Northern Latitudinal Railway 2”. Development of organizational, legal and financial models with leading experts is taking place under the instructions of the President and the Government of the Russian Federation. “Russian Railways”, “Gazprom”, “NOVATEK” are the key participants of the project.