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Gazprom and Russian Railways set to build major railroad

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Gazprom and Russian Railways set to build major railroad

On Wednesday, in Moscow, the head of JSC The Russian Railways (RZhD) Oleg Belozerov and Chairman of OJSC Gazprom Alexey Miller signed an agreement on joint construction of the Northern Latitudinal Railway and a railroad sidetrack to it.

As Construction.RU was told today by the press office of the Russian Railways, the new railway will go along the route of Obskaya - Salekhard - Nadym - Pangody - Novy Urengoy - Korotchaevo. The implementation of this project will be carried out with the involvement of private investors under a concession scheme.

The main participants — The Russian Railways, Gazprom and the regional authorities of the Yamal-Nenets Autonomous district of Russia — will finance the facilities of the existing rail infrastructure. The construction of new facilities will be conducted by concessionaires.

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