Russia approves 3,7 trillion ruble Far East rail modernisation

Russia has approved further modernisation works of railway infrastructure in its Far Eastern region. On the 50-year anniversary of the so-called Baikal-Amur line (BAM), the country confirmed that it will be spending 3,7 trillion rubles to boost throughput capacity to 270 million tonnes by 2032. The approved investments are part of the third stage of…