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Russian company to build railroads, develop natural resources in North Korea

About 7,000 kilometers of North Korean railways require modernization, and 3,500 kilometers of them must be modernized urgently

© AP Photo/Kim Kwang Hyon

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Russian investors ready to work in North Korea

PYONGYANG, October 20. /TASS/. Russian construction compnay NPO Mostovik has developed a plan of designing and upgrading railways and ore enriching plants, as well as developing and processing natural resources in North Korea, CEO Vladimir Shishov told PRIME on Monday.

“These are two interconnected and quite complex processes. But the NPO has lots of experience in designing, and we will promote our experience and technologies in this region,” Shishov said.

About 7,000 kilometers of North Korean railways require modernization, and 3,500 kilometers of them must be modernized urgently.

North Korea “has a large industrial and economic potential, the realization of which requires solving infrastructural problems.” Without the development of railways and roads and electrification, “it is impossible to solve the whole range of tasks, connected with the development of North Korea’s economy,” he said.

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North Korea Transport Infrastucture Cooperation Trade & Cooperation

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