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ST. PETERSBURG, June 17 (Itar-Tass) —— Russian Railways will present to the national government an updated program of the development of high-speed railroad traffic before the end of June, Russian Railways President Vladimir Yakunin told reporters at the Russian-Belarusian-Kazakh business dialog in St. Petersburg on Friday.
“After the April 26 conference on the development of railroad transport in Russia, we updated the program of the development of high-speed railroad traffic with due account of the need for such trains in Siberia and the Far East and preparations for 2018 World Cup,” he said. “We will present new proposals to the government before the end of this month.”
The total cost of the high-speed railroad traffic program will depend on the model chosen by the government, Yakunin said. In his words, the Moscow-St. Petersburg high-speed railroad traffic project cost 1.1 trillion rubles, and the entire network may cost five times more.
“The sum will be maximal in the case whole Siberia and Far East are covered with a high-speed railroad traffic network – that is an unbearable burden,” he said.