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26 Jul 2017 Wed

Moscow-Kazan High Speed Railway Current Estimated at $22,4 bln

06 March 2017 Monday, 06:11

Construction cost of Moscow – Kazan high speed railway is recently estimated at 1.3 trillion rubles ($22.4 bln), First Vice President of Russian Railways Alexander Misharin told  Tuesday at the Russian Investment Forum (Sochi 2017).

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“We see now the total project value does not exceed the price stated in the pre-investment feasibility study. Considering the adjustment in prices of relevant years, the total cost is currently valued at 1.3 trillion rubles ($22.4 bln), which is actually in line with our calculations,” Misharin said.

 

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Trains will be produced in Russia

Freight trains for Moscow – Kazan high speed railway will be produced in Russia, Misharin said.
[quote font_size=”16″ arrow=”yes”]”Certainly, in Russia. The real struggle is currently underway; the site to produce such rolling stock will be selected. Many regions are interested,”[/quote] the top manager said.
[quote font_size=”16″ arrow=”yes”]”We are working with our China colleagues and set up a working group with colleagues from Kazakhstan. This is a project that can be implemented within the framework of the Eurasian Economic Union,” [/quote]Misharin said.
Sinara, Siemens and China’s CRRC are already working on the freight train project and may launch production at a joint venture of Sinara and Siemens, he added.

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