A-property, a company associated with Albert Avdolyan, the founder of Yota telecom operator, intends to build a private railway from the Elga coal deposit in Yakutia to the Sea of Okhotsk.
According to the government of the Republic of Yakutia, coal from the Elga deposit is expected to be sold to consumers in the APR market where the demand is currently growing.
The private railway will be an alternative to the Baikal-Amur Railway (BAM) as freight traffic along the route is increasing, which poses a risk of congestion in future, analysts say.