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Price tag for Moscow - Kazan high speed railway currently estimated at $22.4 bln

February 28, 11:38 UTC+3
Freight trains for Moscow - Kazan high speed railway will be produced in Russia
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© Egor Aleev/TASS

SOCHI, February 28. /TASS/. Construction cost of Moscow - Kazan high speed railway is recently estimated at 1.3 trillion rubles ($22.4 bln), First Vice President of Russian Railways Alexander Misharin told TASS in an interview on Tuesday at the Russian Investment Forum (Sochi 2017).

"We see now the total project value does not exceed the price stated in the pre-investment feasibility study. Considering the adjustment in prices of relevant years, the total cost is currently valued at 1.3 trillion rubles ($22.4 bln), which is actually in line with our calculations," Misharin said.

Trains will be produced in Russia

Freight trains for Moscow - Kazan high speed railway will be produced in Russia, Misharin said.

"Certainly, in Russia. The real struggle is currently underway; the site to produce such rolling stock will be selected. Many regions are interested," the top manager said.

"We are working with our China colleagues and set up a working group with colleagues from Kazakhstan. This is a project that can be implemented within the framework of the Eurasian Economic Union," Misharin said.

Sinara, Siemens and China’s CRRC are already working on the freight train project and may launch production at a joint venture of Sinara and Siemens, he added.

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