Investment in Northern route between Asia and Europe announced
Russian authorities have announced details of several infrastructure investments in the project to make the Northern route between Asia and Europe attractive to shipping lines all year round.
The RUB75bn (US$1.1bn) project has been made possible by global warming and would cut three weeks off normal sailing times between East Asia and Europe.
Prime Minister Dmitry Medvedev has been tasked with drafting and approving a plan for the route by June 1 2015.
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