JOURNAL ARTICLE

Russia to Bolster Famed Eastern Railroads as China Trade Booms.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

Russia is planning to invest billions of dollars to upgrade its eastern railroads, the Trans-Siberian and Baikal-Amur Mainline, in order to accommodate the growing trade with China. The rail lines currently operate below their capacity, causing logistical issues and bottlenecks. The upgrades aim to increase the annual shipping capacity to 210 million tons by 2030. Russia has already spent billions to double the rail lines' capacity, but current demand is still twice as high as what the tracks can handle. The investment in the railroads is part of Russia's efforts to reorient its economy towards Asia and away from Europe in the face of Western sanctions. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/03, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:175916068
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