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Rastuss : your question about pulling out or not is a good question, and a difficult one to answer !
If it was me, then before I commit myself into such a cost, I would make carful calculations, but on the other hand,, and from my experience on a very small scale when I was renovating my house, there was an initial calculation and a budget, but then many surprises sprung out as the project progressed, such as some plumping had to be completely re-done because it was too old but we didn't know about it until the Bathroom was stripped, then the roof needed complete renovation, and so on .
This is just an example of a budget inflating after starting because of hidden costs, and if you have committed yourself and started, then it is very difficult to pull out, and the only solution will be to borrow more money to finish the project, and in this case, it might leads to more borrowing and more debts !
Another example, The High speed railway project in the planning in the UK , the price keeps going up and up , I think it is now around 100 Billion , and I don't think the price will stop there, also there will be delays in time in all these big projects.
So, unless you are prepared for extra costs, and can support them , also support the time delays, then you are in trouble !!
Specially in that deep frozen environment, the whole place including the bay is frozen half the year or more.
First , how they going to build all this infrastructure there from scratch and how much the cost will be under these challenging conditions.
Secondly, how you will maintain the logistics of shipments for the supply of LNG (for power) and copper ore in and out of this place ?
These are important questions that need answering before committing to such a massive scale project.
It is a long shot to build the whole infrastructure in Russia from scratch, i agree.
Rastuss:
I also tried to see this location on Google maps , but no result !
Google asked if I wanted to look at “Google Search” , then it comes up with several results , just a repeat of the news.
The interesting thing is that the reports call this “A new Proposals”
I thought this was something agreed in the initial talks , and we all read the news about the Russians providing power and infrastructure.
So now , What is the “new Proposals” Means. ?
I am not sure !
I would imagine , building a complete new power plant and infrastructure for a road and a new port is not going to be cheap, specially that the location is in the so called “ Sub Arctic “
Maybe anyone with more knowledge can explain ?
I look forward to learn more when they provide more updates.
GLA
I thought the Russians were providing the electric power with that floating nuclear power station !