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SYKTYVKAR, November 26 (Itar-Tass) —— Authorities of the Komi Republic jointly with the management of the China Civil Engineering Construction State Corporation (CCECC) are starting to draft a mechanism for implementing the Belkomur trunk railway construction project, the press service of the Komi Republic’s government said summing up results of talks in Shanghai.
According to the Komi Republic’s Deputy Head, Alexander Burov, during the meeting, the two sides discussed the participation of China’s financial organisations and biggest companies in the construction of the Belkomur railway.
“The talks were resulted in the signing of a memorandum of cooperation between the Belkomur company and the China Civil Engineering Construction Corporation, which is a large-scale state-run company possessing staff of China’s highest level of skills in the sphere of contract placing,” Burov said.
“In particular, it is planned to create a working group in the near future to start working out a mechanism for the joint implementation of the project with the assistance of the Russian and Chinese governments,” he said.
The CCECC corporation was established in 1979. Over the recent 30 years, the company has managed to expand the sphere of activity from international contracts for the construction of railroads till the rendering of services in the sphere of industrial investments, hotel business and trade. The corporation’s activity embraces more than 40 countries and regions, where CCECC opened more than 20 missions. Among the projects, which the company managed to fulfil, are construction and upgrading of railroads, roads and highways in several countries.
The Belkomur railway is planned to link the White (Beloye) Sea, the Komi Republic and the Urals. Owing to the implementation of the project, the railroad will link Siberia’s industrial districts with the major seaport of the north-western part of European Russia. Total investments in the project are estimated at 600 billion roubles (USD 1 = URB 31.02).