In Tuva Speculators to Buy Land under Future Kuragino-Kyzyl Railway
Siberian financial and economic information
25 March 2008
permanent link: https://en.tuvaonline.ru/2008/03/25/3810_railway.html
The republican government asks the municipalities to prevent the cornering. President of Tuva Sholban-Kara-ool in his speech at the extended meeting of the public and representatives of the republican authorities said that the news on the federal government's decision to build the railway branch inspired some unscrupulous speculators to buy the land under the future railway in order to make a profit later by racketing the state, which is to be nipped in the bud. Construction of the Kuragino-Kyzyl railway is to give an impetus to the extraction and processing of mineral resources. The railway is to connect Kyzyl with the Elegest coking coal deposit and make it possible to start wood processing, for example manufacture of structures for small house construction. The plan of the Kuragino-Kyzyl railway construction was approved March 22 by the Investment Projects Committee of the RF Government. Its length will total 460 km, investments - RUR98.8 billion, including RUR49.3 billion from the RF Investment Fund.
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