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Russia's Far East to Get Major Boost with $6.5B Northeast International Transport Corridor

NEIT's 1650 km railway aims to transport 20 million tons of cargo per year, connecting resource-rich regions to global markets. The project's success could transform Russia's Far East.

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1 min read
In this image we can see few railway tracks. There is a train carriage in the image. There are many...
In this image we can see few railway tracks. There is a train carriage in the image. There are many stones in the image. There are few lights in the image. There are few objects on the ground. There is a tunnel in the image.

Russia's Far East to Get Major Boost with $6.5B Northeast International Transport Corridor

Russia's Far East is set to receive a significant boost with the Northeast International Transport Corridor (NEIT) project. The ambitious plan, costing approximately 400-450 billion rubles, aims to develop remote but resource-rich regions and address transport infrastructure challenges in Eastern Siberia and the Far East.

NEIT's central element is a 1650 km railway, divided into three stages. The first stage, Nizhny Bestyakh - Khandyga, involves constructing a combined automobile-railroad bridge over the Aldan River. The second stage, Khandyga - Susuman, is the longest and most complex, requiring tunnels and bridge structures to traverse the Verkhoyansk Range. The third stage, Susuman - Magadan, aims to connect to the trading port on the Sea of Okhotsk, with the option of simultaneous construction from both ends to accelerate completion.

The project seeks to transport up to 20 million tons of cargo per year by the 10th year of operation, becoming part of the global Trans-Arctic corridor. Its economic feasibility lies in the riches of the earth, with over 140 deposits of coal, gold, tin, silver, and rare earth metals in the future road's zone of influence. To fund this massive project, a focus on public-private partnership is planned.

The NEIT project is supported by the creation of a joint working group by the governments of Yakutia and Magadan Oblast, and a meeting in the Ministry of Transport to discuss joint construction of the railway and automobile roads in one corridor. Upon completion, NEIT is expected to alleviate overloaded railways and ports, and logistical constraints in regions like Yakutia, fostering growth and development in Russia's Far East.

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