Russia voted 25 billion aided North Korea railway, for the rare earth mining contract

According to Korean media reports, Russia to help the DPRK to achieve the modernization of the railway network conditions, and North Korea reached an agreement on the mining of rare earth resources.

South Korea, "Central Daily News" Web site Oct. 30 citing Russian media sources said the Russian Far East Development Minister, said Alexander Galuška Russian companies will need to invest $ 25 billion to participate in the Korean railway network modernization project "Victory" project, "This contract period of 20 years, Russia will be in North Korea in exchange for the mining of mineral resources. "

Reported that Galuška minister's visit to Pyongyang on October 20 -24 days to participate in the project groundbreaking ceremony on October 21 - the "Azusa holes - Gangnam - Nampo railway station interval start building ceremony."

Russia's industry-academia complex "Mostow than the" push this project aims to help North Korea in the total length of 7000 km of railway network, the first 3200 km modernize the railway network, exchange, Mostow than in Korea mining of rare earth metals and mineral resources of titanium, tantalum, gold, coal and so on. Galuška minister said North Korea's rare earth metal buried about seven times that of China.

North Korea and Russia first began this month with rubles, and plans to introduce visa-free regime. Galuška Minister said (Russia's largest hydroelectric power station operators) Ruth Xideluo plans to promote the connection of the Russian Far East and North Korea, South Korea's large-scale inter-Korean Russian electricity network.
 

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