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Sep 04, 2015

"Russian Railways will be the locomotive driving the economy in the Far East" says Belozerov

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Speaking at the opening of the Eastern Economic Forum in Vladivostok on 4 September 2015, Oleg Belozerov, President of Russian Railways, said that Russian Railways would become the locomotive driving the economy in the Far East.

Belozerov pointed out that freight flows in the East were showing steady growth, despite the fact that the total volume of traffic on the railway network of Russian Railways has declined due to the slowdown in economic activity this year.

The volume of foreign trade flows through the ports of the Far Eastern region in 2014 increased by 12% compared with 2013, rising to 82.4 million tons, and by nearly another 2% in the first 7 months of 2015.

These trends are expected to continue in the future. By 2020, freight traffic with Elga, Elegest, Kimkano-Sutarsky, Taezhny, Bystrinsky, Bugdainsky and other promising mineral deposits will increase by 66.8 million tons to 124.9 million tons.

Russian Railways is successfully implementing the project to modernise the infrastructure of the Baikal-Amur and Trans-Siberian railways. Upgrading the railway infrastructure will be synchronised with the formation of territories assigned for priority development, which should provide an additional multiplier effect on the economy of the region and the country as a whole.

"We plan to complete the projects on time and by 2018 finish the reconstruction of the Trans-Siberian and Baikal-Amur Mainlines," said Oleg Belozerov. " We also have major plans for the development of the transport corridors Primorye-1 and Primorye-2."

Along with the technical modernisation of the railways in Russia's Far East and the organisation of the transportation process, Russian Railways also attaches great importance to the development of a modern transport and logistics infrastructure.

Russian Railways and the China Yingkou Port Group Corporation therefore signed a Memorandum of Understanding in Beijing on 3 September 2015 which provides for the construction of one of the largest transport logistics complex in the Moscow region.

"We have set ourselves priorities. Above all, we intend to clarify our rates. At the moment they are somewhat outdated and in need of modernisation. We plan to develop a new tariff over the next eighteen months, but with regard to shipments from the Far East, we will speed up this work. In addition, taking into account this Forum and the discussions that we have held with our partners, we need to look more closely at a project to build a bridge to Sakhalin. This is, in my view, a real project for the near future. As always, Russian Railways will be the locomotive driving the economy in the Far East," said Oleg Belozerov.

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