Russia: budget approved for the Railways of Yakutia

The Economic Council of the Government of Yakutia approved the investment programme of Railways of Yakutia for the period 2012-2014. The funding of this programme amounted to RUB 2.1 Billion (EUR 52 Million).
The main objectives of the programme are the modernisation of the rolling stock and the construction of new infrastructures for the purpose of opening the traffic to the Nizhny Bestyakh station.
The programme will be funded from the company’s sources, from the Yakutia’s and Russia’s budgets, as well as from loans.
Source: www.rzd-partner.com