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Medvedev: Russia’s government to postpone Moscow-Kazan high-speed railroad project

“We need to make thorough calculations and, perhaps, to wait for a more energetic economic situation,” he said

© ИТАР-ТАСС/Александр Астафьев

MOSCOW, January 16, 7:19 /ITAR-TASS/. Russia’s government does not refuse from investing in the Moscow-Kazan high-speed railroad, but will go back to the project a bit later, where the economic conditions are more favourable, Russia’s Prime Minister Dmitry Medvedev said in an interview with RBC-TV broadcaster.

“The project is not cheap,” he said. “There are different calculations, and it may be about one trillion roubles (about 30 billion dollars) - this is big money.”

“However, we do not refuse from this project,” the prime minister said. “We need to make thorough calculations and, perhaps, to wait for a more energetic economic situation.”

“Anyway, the topic of high-speed railroads is very positive, as we have regions to where planes do not fly, where regular roads are impossible, and in fact railroads are very convenient. Though expensive. We shall return to the project a bit later.”

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