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    RUSSIAN RAILWAYS MINISTRY, FAR EASTERN FEDERAL DISTRICT SIGN CO-OPERATION AGREEMENT

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    KHABAROVSK, February 2, 2004. (RIA Novosti) - The agreement on cooperation between the federal and regional structures for developing railway transport in Russia's Far Easter Federal District was signed in Khabarovsk (the Russian Far East) on Monday.

    As RIA Novosti was told in the press service of the plenipotentiary representative of the Russian President in the district, the document was signed by the plenipotentiary representative of the head of the state Konstantin Pulikovsky and Minister of Railways Vadim Morozov.

    Commenting on the agreement at the news conference after the signing, the minister underscored that the implementation of the main investment projects in the Russian Far East for the construction of the railway to Yakutsk (the capital of the Republic Sakha /Yakutia/) and the Trans-Korean Railway (capital investments topping three billion US dollars) calls for joint efforts of the Russian government, the regional and local bodies of power.

    Morozov proposed not to invest big sums of money into in the construction of oil and gas pipelines from Siberia to the Asia-Pacific Region but to transport oil and gas through the Baikal-Amur Railway which functions today only at a quarter of its capacity. In this case the ministry guarantees an three-fold increase in freight traffic./

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