![]() “However as of 2018, with work still in the early planning stages, the estimated cost has increased to nearly RUB1.7tn (around $25bn), with RUB700bn of this likely to come in the form of a non-refundable subsidy from the Russian Government.” “The initial budget for the Moscow-Kazan section of the project was estimated at nearly RUB1tn in 2013,” says Kondratenko. The project is being developed by JSC High-Speed Rail Lines, a subsidiary of JSC Russian Railways, through a public-private partnership (PPP) and overall financing for the project is expected to be obtained through additional PPPs, as well as from national funds and private investors. “The high-speed line is set to reduce travel time between Moscow and Kazan from 14 hours to 3:17 hours.” “For Russian Railways to complete their projects, attracting foreign partners for financing and technology sharing is crucial.” Vital stats: Chinese funding and projected passenger numbersĭeterioration of Russian relations with the West and subsequent Western sanctions put paid to interest in the Moscow-Kazan project from European conglomerates such as Siemens and SNCF. However, the Russian economy and state budget are currently not in the best shape to handle large infrastructure objects, so such achievements remain debatable as no real actions and construction has taken place yet,” he says. “Accumulated high-speed rail projects in Russia by 2030 account for 4,300km. “The initial plan was to have the line extended to Yekaterinburg by 2030 with the ultimate goal to complete the 7,000km-long line connecting Moscow and Beijing. “Back then it was justified by improving the innovation of the industry and increasing the mobility of population alongside the rail route of about 15 million citizens by creating large agglomerations. “The idea behind the construction of the Moscow-Kazan high-speed rail line was announced nearly ten years ago, in 2009,” says Ivan Kondratenko, consulting analyst at Frost & Sullivan. At more than 700km, the route is the first phase of the Russian section of a high-speed rail network between Europe and Asia that aims to improve cargo transportation between Beijing and Moscow, as well as mobility, interconnection and economic growth in the regions of Russia.
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