A concession agreement envisaging building the Northern latitudinal railway, a 686-kilometer railway in the Yamal-Nenets Autonomous District, is scheduled to be signed in early September, the Railway Gazette reports.
Prime Minister Dmitry Medvedev has already signed a decree giving the government's consent to the implementation of this project.
The Northern latitudinal railway’s consortium will be in charge of funding, building, and operation of the railway line, the cost of which amounts to 113 billion rubles. Construction activities are expected to start in 2019. The railway line is planned to be put in operation in 2023.
The authorities of the Yamal-Nenets Autonomous District will have to provide land for laying the railway, and will also bear part of the cost of erecting two large bridges across the Ob and Nadym rivers.
After commissioning, the Northern latitudinal railway will reduce the load on the Trans-Siberian route and connect the Yamal Peninsula with the railway network. The freight turnover is projected at the level of 23.9 million tons per year, with most of the traffic related to gas condensate and crude oil.