Only the companies Stroygazkonsulting and Story-Trest have been approved to take part in a tender on the construction of a 28 km long railway line along the western shore of the Kola Bay, a key part of the long-discussed Murmansk Transport Hub project. While Stroygazkonsulting is controlled by billionair Ziyad Manasir, the Story-Trest company is part of the corporate empire of Gennady Timchenko, Prime.ru reports.
The companies are reportedly offering to build the railway for between €800-880 million. The project also includes the construction of a bridge across the great Tuloma river.
The railway will lead to Lavna on the western side of the Kola Bay and be an important transport connection to new industrial plants in the area. Among the new facilities planned built are a 20 million ton capacity coal terminal and a 350,000 TEU container terminal. There are also plans for a 35 million ton capacity oil terminal.
As previously reported, oil major Rosneft has signaled that it will take a leading role in the Murmansk Transport Hub initiative.
A majority of the people living in the Arctic wants to continue cooperation with Russia despite the conflict in Ukraine. Norwegians are most in favor of diplomatic and cooperative approaches, a new survey shows.
How come that the Barents and the Balkan regions have nearly the same average life expectancy, but their GDPs are dramatically different? BarentsObserver compares two border regions trying to find an answer.
The results of Sunday’s parliamentary elections in Finland show a clear, expected win by the opposition Centre Party. The party’s leader, 53-year-old millionaire Juha Sipilä from Oulu in northern Finland is poised to succeed Alexander Stubb as Finland’s next prime minister.