CONSTRUCTION OF RAILWAYS: EASTERN VECTOR

Abstract

The author on the basis of retrospective statistical analysis has revealed the growing importance of the eastern part of the Russian railways network and defined the factors which determine such an importance now and will be effective in future. The article describes the insufficient level of railway infrastructure in Siberian and Far eastern regions and substantiates the demand for its radical rise in conformity with the Strategy of railway development in Russian Federation for the period till 2030 on the basis of common efforts of the State, regions, JSC Russian Railways and private business, shows some mechanisms of attraction of supplementary financial resources for new railway construction in eastern part of Russia.

The conclusion reads that the development of railway infrastructure in Siberia and Far East will facilitate the arrival of new investments to these regions, promote Russian goods and services expansion to foreign markets, help to create a modern transportation services market. The railway development will also have a positive effect on enhancing economical capacity of the eastern part of Russia, will positively affect the conditions for wellbeing and business and will contribute to development of mutually beneficial relations of Russia with the states of Asian and Pacific region.