The authorities of the Leningrad region are holding negotiations with investors from China on the construction of a light railway running to the town of Sertolovo.
As TASS news agency reports on Tuesday, this is a company from the Chinese region of Inner Mongolia, which has an extended experience in similar projects implemented at home and in Russia.
At present, two project of light railway construction have been developed. These projects envisage building a light railway running to Sertolovo through Bugry and Devyatkino and to Vsevolozhsk through Rzhevka and Kudrovo.
The Sertolovo project is estimated at nearly 17 billion rubles ($300 million). The authorities of the Leningrad region plan to set to the project’s implementation as soon as a contract is concluded with investors.