North West | Transport, logistics

Russian Railways to invest $74m in Murmansk rail station

20 Jul '10
Interregional rail operator Oktyabrsky Railways has announced plans to invest $74.4m in reconstruction of a rail station in Murmansk, the company reports.

The project is reportedly to be partly financed with a loan from the European Bank for Reconstruction and Development (EBRD).

Under plans, the company is to build a modern transport complex to unite rail, sea and bus stations, at premises of an existing station, built in 1954.

Under the project, the 27,000-square-meter complex is to include transport and logistics facilities, as well as a water park and five-star hotel.

Timeframes for the project have yet to be disclosed.

Oktyabrsky Railways is a part of national rail operator Russian Railways.
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