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Mon, Aug 28, 2017 2,448

Russian has approved US$2.5 billion to expand and modernize the Trans-Siberian and Baikal-Amur railways as part of a larger rail project to boost economic growth and exports from the country’s Far East region that borders the Pacific Ocean.

President Vladimir Putin has given the green light for the government to allocate money from the National Welfare Fund for this stage of the railway expansion project, which could eventually cost $9.5 billion.

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