Wednesday, April 25, 2007

Reality Check for Russia's Railway Plans

Russia has announced an extraordinary project to build a transcontinental Yakutsk-Magadan-Anadyr-Alaska rail link, which would include the world's longest subsea tunnel under the Bering Strait. However, the news comes as a reminder that Russia's major railway projects in the East tend to be loss-making and take decades, if not centuries, to materialize.

Nothing that new here. We all know the railways are going to have issues materializing. However, the interesting thing is that the Russians are advertising Siberian-Alaska line that would go through via a Bering Straight undersea tunnel. I have a hard time believing that would ever happen.

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