11 Mar '09
Perm region potassium fertilizers manufacturer Uralkali is to pay $222m to eliminate effects of an accident at one of its mines in the region’s town of Berezniki, Kommersant reports.
Of the total funds, $142.5m is to be spent to build a 53-kilometer bypass rail road around Verkhnekamsky potassium deposit.
The $351.5m railroad is reportedly also to get $79.5m subsidy from the federal government, $101m funding from Russian Railways and $28.5m investment from another local potassium fertilizers producer Silvinit.
In 2007 there was ground collapse at one of the company’s mines, which destroyed the railroad track and some energy facilities.