Railway approval

摘要

Russian federal authorities have approved Tuva Energy Industrial Corporation's (TEPK) plans to construct the 410 km Kyzyl-Kuragino Railway (KKR). With a peak capacity of 37 Mtpa, KKR will connect Russia's coal-rich Tuva in Siberia with the Trans-Siberian Railway (TSR) and thus the country's Pacific coast. Russian Federal authorities are prepared to contribute US$2.4B from the National Welfare Fund to help finance the project. A further US$2.1B will be loaned by Russia's largest banks, VEB, VTB and Sberbank, with another US$1.5B raised from private finance.