However, it still remains an open question whether the necessary financing for the project ever will be found. According to Regnum, the project was approved by the investment commission with the condition that “investments are found”. The project is believed to cost up to 50 billion RUB of which 90 percent is to be financed by private interests. The railway line, which is to stretch from Perm in the Urals through the Komi Republic and to Arkhangelsk, will offer a significantly shorted transport connection from the Urals and Western Siberia to the Barents Sea. It is to serve both container shipping, the oil and gas industry as well as other heavy industrial companies in the region.
