«High-speed Railway»
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25 december

German consortium offered EUR2 bn worth financing of Moscow–Kazan HSR

The German Initiative consortium comprising several companies offered an up to EUR2 bn worth financing of Moscow-Kazan HSR project, informed Prime Agency by reference to Alexander Misharin, First Vice President of Russian Railways. China had earlier expressed its intent to invest over RUB400 bn in the first Russian HSR. “We have a proposal from our German partners for a similar (to the Chinese one) memorandum of cooperation, where they commit to an up to EUR2 bn worth financing on various terms”, said Mr. Misharin. He answered positively to the question of whether the HSR construction may use both Chinese and German financing. “It is possible, if the HSR construction goes in sections”, he told the Agency. According to him, the first tranche will be required as soon as next year, says the Agency. High-speed line means a special electrified double-track railway line to run trains at 200 to 400 km/h speeds. The pilot HSR project RUB1.068 tn worth is planned on Moscow-Kazan section. The 770 km long line will reduce travel time between the terminal stops from 11.5 hours to 3.5 hours. Source: Forbes

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