Government resolved to allocate almost RUB650 bn to Russian Railways« Moscow–Kazan HSR project

Russian Government resolved to increase Russian Railways' authorised capital by RUB8.95 bn. The money will be used to develop Moscow Railways' infrastructure and build Moscow-Kazan HSR. According to the summary, only RUB0.65 bn of the allocated money will be used to finance the HSR. The Resolution was signed on December 24. RUB5.3 bn will go to the development of Moscow Railways' Small Ring and radial lines. It was earlier informed that Russian Railways need RUB4 bn to finance Moscow-Kazan HSR design works. Alexander Misharin, CEO of High-Speed Rail Lines, also told that the German Initiative is ready to invest about EUR2 bn in the project. Source: Realnoye Vremya