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.