Southern Corridor's costs increase by 50%

Southern Corridor's costs increase by 50%The costs of the Southern Corridor, which is aimed at ensuring the gas supply to the southern regions of Russia, and the marine highway "South Stream" have increased by almost 50%, Gazprom says.If at the beginning of the year the project budget was estimated at 509.585 billion rubles, now it is estimated at 738 billion rubles, Interfax reports.The Southern Corridor project will allow Central and Southern Russia to be supplied with additional volumes of natural gas which will facilitate industrial development and municipal services, while increasing the gas network and ensure uninterrupted gas supply to the South Stream gas pipeline.The project is expected to be accomplished by 2017.The costs of the Southern Corridor, which is aimed at ensuring the gas supply to the southern regions of Russia, and the marine highway "South Stream" have increased by almost 50%, Gazprom says.
If at the beginning of the year the project budget was estimated at 509.585 billion rubles, now it is estimated at 738 billion rubles, Interfax reports.
The Southern Corridor project will allow Central and Southern Russia to be supplied with additional volumes of natural gas which will facilitate industrial development and municipal services, while increasing the gas network and ensure uninterrupted gas supply to the South Stream gas pipeline.

The project is expected to be accomplished by 2017.