Government to Support Russian Railways Investment Project
OREANDA-NEWS. August 28, 2007. At the beginning of the year, Kuybyshev Railways submitted a business plan for the investment project “The Development of Transport Infrastructure at the Kuzbass-Sea of Azov-Black Sea Transport Hub in Samara Region” to the Ministry of Economic Development, Investments and Trade of Samara with a view to obtaining favourable tax breaks, reported the press-centre of Russian Railways.
The ministry concluded that the project would be highly profitable and effective and therefore agreed to the need for state support on the project, which will now be implemented during 2006-2009.
Russian Railways will invest a total of 18 billion roubles to develop the infrastructure of the Kuzbass-Sea of Azov-Black Sea transport hub. According to preliminary calculations, the payback period of the project is 10 years.
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