Russian transport infrastructure: Moscow has approved US$2.5 billion to expand and modernize the Trans-Siberian and Baikal-Amur railways as part of a larger rail project to boost economic growth and exports from the country’s Far East region that borders the Pacific Ocean, Asia Times staff report. It will pay for 580 kilometers of additional main lines, signaling upgrades on 680 km of railway and 43 crossings, and the renovation of 90 railway stations. Russian Railways said in a statement on its website: “The project will contribute to the development of industrial enterprises in the region, create new jobs, and the necessary economic conditions for effective and sustainable development of Siberia and the Far East.” READ THE STORY HERE
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