Russian steel producers Evraz, Severstal and mining company Enisey Production Co., a part of United Industrial Corp., will create a consortium to construct the Kyzyl-Kuragino railway line to the giant Ulug-Khem coal basin in Tuva, Siberia, Russia. Viktor Basargin, Russia regional development minister, said the 418 km long railroad is expected to cost a total of RUB 130 billion of which more than RUB 49 billion will consist of state investments, while private investments will account for RUB 81 billion. The railway line is expected to be put into operation in 2014.
