We may have missed this probable last great rail plan proposed earlier this year. But it is still on the Internet for all to read.
// Plans for new transport route unveiled to link Pacific with Atlantic
By The Siberian Times reporter23 March 2015
“New cities and industries could be created from construction of high-speed railway and motorway routes spanning whole of country”reads the story line.
At a meeting of the Russian Academy of Science, the head of the Russian Railways Vladimir Yakunin presented the idea for the Trans-Eurasian belt Development (TEPR). That was back in th Spring.
Politicians fostered the concept “as a powerful and versatile transportation corridor that would join up to other networks and reach from the Atlantic to the Pacific, via the heart of Siberia and the Far East.”
Me? I think it is a really bad idea.
The suggested plan has zero published economic feasibility supporting it. Just a lot of political leaders and academics. No shippers are clamoring to use the route? Why pay for the suggested long land route rail services where super sized container ships are far cheaper?
It reads like “Just another great plan, wrapped In golden chain” so to speak.
And it’s lead RZD rail supporter is no longer in that promoting job as the summer ends.
The admitted rough capital cost estimate from supporters is in the TRILLIONS of dollars. Yet back in the spring, without documentation, Mr Yakunin of RZD insisted to reporters that the economic returns would outweigh these investments.
Viktor Sadovnichy, rector of the Moscow State University, said the network would help the Far East and Siberia feel more in touch with the rest of the world.
Or is the entire scheme simply economic nonsense?
So far, no one is advancing the cash to build it. It is just another wish list railroad idea. Investors should beware.