VLADIVOSTOK, September 8 (Itar-Tass) —— Russian President Vladimir Putin on Saturday spoke with APEC leaders and members of the APEC Business Advisory Council about the advantages of Russia’s TransSiberian and Baikal-Amur railways and the Northern Sea Navigation Route to ship goods from Asia to Europe.
“Russia has vast logistics possibilities because two thirds of its territory are located in Asia and one third – in Europe. The use of these routes is economically efficient,” he said at a meeting between APEC leaders and members of the APEC Business Advisory Council.
He dwelled on the advantages of the Northern Sea Route. “It is a very attractive route. The use of the TransSiberian and the Baikal-Amur railways will reduce transportation costs and travel time by 1.5 or two times,” he pledged.
He spoke about the plans to link the TransSiberian railway to the TransKorean railway. “Along with economic advantages be believe that it will inevitable promote certain political stabilization,” the Russian president added. In his words, it is quite possible to extend this route to Japan via the sea channel. “In this event, we will have a major route to ship goods from Japan to Europe,” he noted.
He also noted that private investors would be welcome in each of these segments. “But obviously this project cannot be realized without state support,” Putin added.