Russia starts new rail line bypassing Ukraine

By bne IntelliNews April 27, 2015

Russia has started to build a new railway line bypassing Ukraine to reach its southern regions, with tracks now being laid in the Voronezh and Rostov regions, Interfax reported on April 25, citing the deputy defence minister General Dmitry Bulgakov. The existing railway crosses the border with Ukraine in the Luhansk region. 

According to Bulgakov, the new line will be 122.5km long, with the section skirting Ukraine's territory to be over 26km long. Russian Railways spend RUB100mn on designing the bypass, although the total project price was not disclosed. 

Russian Transport Minister Maksim Sokolov announced the project in November 2014, assuring that it would be realised within a tight schedule. Russian Railways said later the construction will be finished in two years.

At the end of 2014, the company cancelled 13 trains going from Russia to Ukraine because of unprofitability, but said it will restore these services if demand is strong enough. The company’s CEO Vladimir Yakunin said earlier that the number of passengers going to Ukraine fell by 60% in 2014.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Multilateral lender IIB to place its inaugural transaction in Czech koruna

Moscow-based development bank International Investment Bank (IIB) has priced its denominated private placement transaction with three-year floating rate notes in koruna of CZK501mn, the bank said in ... more

Latvia to probe tram tender awarded to Russian-controlled Railvec

Latvia’s state security service, the Constitution Protection Bureau (SAB), plans to scrutinise a tender to deliver trams to the country’s second-largest city won by a Russian company with ties to ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Most Read

  1. Romanian developers get in the game
    3 days ago
  2. Putin and Trump trying to walk back Syria strike and sanctions tensions
    3 days ago
  3. What’s the cost of US sanctions on Russia?
    4 days ago
  4. E-commerce dramatically eats into foot traffic at Moscow’s leading shopping malls
    15 days ago
  5. Romania entrepreneur aims to put home-grown UAV defence technology industry on the map
    5 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    25 days ago
  2. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    12 days ago
  3. Romanian developers get in the game
    3 days ago
  4. KRUK REPORT: Nadia Savchenko, Ukraine’s fallen hero
    29 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    3 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss