Italians want to participate in Moscow-Kazan high-speed railway project

Russian Railways and Italian Ferrovie dello Stato agreed to set up a working group for Moscow-Kazan HSR project
Italians want to participate in Moscow-Kazan high-speed railway project
16 November 16:27 2016 Print This Article

Italian companies show interest in Moscow-Kazan high-speed railway project. A joint working group will be set up to study a possible participation of Italian companies in implementation of Moscow-Kazan HSR project. That was announced following a meeting between a first vice president of the Russian Railways (RZD) Alexander Misharin and a vice president of Italian Ferrovie dello Stato Giovanni Rocca.

“In order to ensure operational coordination and discussion of all issues regarding participation of Russian and Italian companies in implementation of Moscow-Kazan high-speed railway project, as well as in other infrastructure project in the field of railway transportation we will set up a working group,” reports RZD citing Mr Misharin.

The 1.068 trillion ruble 770-kilometer Moscow–Kazan railway, part of a planned 7,000-kilometer railroad between Beijing and Moscow, is supposed to reduce the travel time to 3.5 hours from 11.5 hours by regular railway.

On Tuesday, Mr Misharin told reporters that the German Initiative consortium, which includes Siemens, has offered a 2.7 billion euros financing to Russian Railways for the Moscow–Kazan HSR project and attract additional 800 million euros.

China earlier agreed to lend an equivalent of 400 billion rubles for the project as well as to provide 52 billion rubles of equity financing and an additional USD1 billion.

 

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