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South Korea plans £26bn rail link with Russia in wake of North Korea summit

South Korea plans £26bn rail link with Russia in wake of North Korea summit

A $35 billion (£26 billion) railtrack that would link North and South Korea to Moscow is among a flurry of ambitious economic projects being discussed in the wake of the Singapore summit between Kim Jong-un and Donald Trump, the US president.

The fragile international détente has spurred a wave of excitement among global investors keen to capitalise on the opening up of the mineral-rich hermit kingdom, despite sanctions over its nuclear and weapons programmes still remaining in place.

Key to that investment would be an upgrade of North Korea’s creaking infrastructure and ageing railway system, stretches of which can only allow slowing moving trains travelling at about 30mph, reported the website, Noon in Korea.