On the part of the “German initiative” there is a proposal on the signing of a Memorandum of cooperation, where the company undertakes to Fund the construction of high-grade highway Moscow-Kazan to 2 billion euros, said the first Vice-President Russian Railways Alexander Misharin.
MOSCOW, 25 Dec. The consortium “German initiative”, which unites several companies offering to provide financing for the construction of high-grade railway (HSR) Moscow-Kazan in the amount of two billion euros, told reporters the first Vice-President Russian Railways Alexander Misharin.
Previously, China has announced plans to invest in Russia’s first HSR more than 400 billion rubles.
“We have a proposal from our German colleagues on the signing of a similar (as with China — ed.) of the Memorandum of cooperation, where they assume the obligation of funding up to 2 billion euros in a variety of conditions. We have not yet signed the Memorandum,” — said Misharin.
Misharin answered Yes to the question, can be used in the construction of the HSR Chinese and German funding. “If (the construction of the HSR — ed.) is divided into sections, it is possible”, — said the first Vice-President of RZD.
The first tranche of funds for the construction of the HSR, added a top Manager, will be required in the next year.
Is considered a specialized high-speed double-track electrified railway line for operation of trains at speeds of 200 to 400 kilometers per hour. Now in Russia there are no roads. A pilot project on construction of the HSR cost 1,068 trillion rubles will be implemented on the section Moscow-Kazan. Road length of 770 kilometers will shorten the travel time between end points of up to 3.5 hours with the current 11.5 hours.