Belkomur railroad will total 330bn RUB together with loans
» Belkomur railroad will total 330bn RUB together…
Construction of Belkomur railway, which, as projected, will pass from the White Sea through Komi to Urals, is estimated at 330bn RUB, taking into account loaned assets, as reported by CEO of Belkomur Vladimir Shchelokov.
“The project net cost is 251,5bn RUB as of 2016. If loaned funds are taken into consideration, then almost 330bn RUB. Starting with 2014 we initiated PPP and intend to implement the project by concession”, – Shchelokov said.
The Chinese investors are interested in project and ready to take part in it. Then negotiations in VEB were held on hedging and other financing issues.
Construction is expected to take 8 years. If it starts in 2018, then since 2023 onwards the road will be available for cargo transit. By 2034, it will reach design capacities — 35 mtpa of cargo.
Project for the construction of Belkomur railway stipulates for the reduction of cargo transit length from Urals and Siberia to seaports of Arkhangelsk by 850 km. It will be of strategic importance to Russia, as will connect Urals and Komi to warm water ports of Arkhangelsk, Murmansk and Northern Europe.
The investor is Poly Group’s subsidiary Poly International Holding Co., is ready to invest 5,5bn USD.
Exclusive: Enterprise Products explores sale of Texas oil terminal stake – document
U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters. Enterprise is weighing an exit from the joint venture with terminal operator Plains All American Pipeline LP after proposing to build its own offshore port…
Novatek says ships 1st Yamal LNG cargo via Northern Sea Route
Russia’s largest independent natural gas producer, Novatek said Wednesday it shipped the first liquefied natural gas cargo from its giant Yamal LNG export plant via the Northern Sea Route. The 172,000-cbm ice-class LNG carrier Vladimir Rusanov left the Yamal LNG port in Sabetta on June 25 and is heading towards China, Mark Gyetvay, Novatek’s finance…
Putin vows tenfold Arctic shipping by 2025
Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest…