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Kyzyl-Kuragino Railway Project Approved by Investment Commission, But with Doubts.

The Kuban-2006 International Economic Forum has opened in Sochi, promoted by Russia as a future Olympic games capital. Within its framework a selection of development projects to be financed from the Investment Fund has been made by the Investment Commission. Yesterday the forum made a decision to recommend to the Governmental Commission two out of the three projects under discussion. Among those recommended are the Kyzyl-Kuragino railway in the Republic of Tuva and a paid detour automobile route for Krasnodar-Abinsk- Kabardinka. But accirding to Kirill Androsov, the deputy minister of economic development and trade, Kyzyl-Kuragino railway project still is doubtful to receive governmental financing and will be put 'in a queue' as the project calls for huge resources (almost three billion dollars) within the small budget efficiency.

Russian Railways company which firstly was meant to be a co-investor in the Tuvan project then thought better of it. Androsov says that the reason for this change is not clear.

The Kyzyl-Kuragino railway is actively lobbied by those close to Russian oligarch Sergei Pugachev (Tuvan senator) who have purchased the rights to develop the Elegest coal mine.

Dina Oyun
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Event announces

1) THESE DAYS: Republican Festival of Tuvan traditional applied art 'Silver art' (Kyzyl-Dag village, Bai-Taiga district, Tuva, Russia)

2) 28.06.2019 - 30.06.2019: Festival of Traditional Russian arts 'Verkhovie' (Upper Yenissei), including that of old believers (Sizim village, Kaa-Khem district, Tuva, Russia)

3) 04.07.2019 - 07.07.2019: XXth Ustuu-Huree festival of live music and belief (Chadan city, Dzun-Khemchik district, Tuva, Russia)

4) 13.07.2019 - 14.07.2019: Tuvan Cattle-breeders Festival 'Naadym': horse-races, yurt-city, wrestling, archery, cattle-exhibition, concerts, (Tuva, Russia)

5) 15.08.2019: Tuvan Republic Day (Tuva)

6) 16.08.2019 - 18.08.2019: 3d International Festival 'Khoomei in the center of Asia' (Kyzyl, Tuva, Russia)

7) 01.09.2019: Day of historic Memory and Dignity of Tuvan volunteers who perished in the 2nd World war (Tuva, Russia)

8) 07.09.2019: The Day of Kyzyl city (Kyzyl, Tuva, Russia)


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