+7 495 109 9 509 (Moscow)

The Northern Latitudinal Railway project is submitted for the government board review

Main » News » The Northern Latitudinal Railway project is…

This promising project can win a grant as of 10bn RUB. The project stipulates for the construction of the Northern Latitudinal Railway (NLR). The project is already accomplished and submitted for approval to the district government board.
In particular, the Ob River bridge will be built within the framework of the project. As reported by Dmitriy Kobylkin, Governor of the Yamal-Nenets Autonomous District, the grant was downsized to 10bn RUB. Besides, almost 8,2bn RUB will be allocated by the regional budget. These funds will be spent on the construction of bridge motorway connecting Salekhard and Labytnanga. The funds will be also raised from attracted investment.

Above all, the construction of a 700km railway is afoot, to connect the Northern and Sverdlovsk rail tracks, and enable product transportation from Yamal’s northern production areas.
To recap, about a year ago, the agreement was signed with Russian Railways on the project implementation. As follows from the agreement, the regional funds would be partaking in bridge construction financing, particularly, the Ob river bridge. In the Q1 2017, Gazprom became a new partner of Russian Railways, intending to build 112 km of railways. It should be noted that the investment project is estimated at 240bn RUB.
In addition, further construction of Bovanenkovo-Sabetta corridor 170 km long is in the works. The transport corridor will considerably increase the load of a new sea port, and ensure exports to new EU and APR markets.
At present, the railroad section design documentation development is underway, featuring the PPP private investor.


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…