The construction of a high-speed railway network connecting the capital of Russia and the main city of the Tatarstan Republic, Kazan, has grown more expensive and at present is estimated at 1.199 bln roubles.
Russian Railways expects to receive 643 bln roubles from the budget, instead of 505 bln as was decided before, reports the RBC agency, citing the first vice-president of the company, Alexander Misharin.
Mr Misharin thinks this was caused by the rouble crash and the growth of inflation that has had an impact on the economy, ensured by the usage of high-tech solutions on the project’s implementation.
Also, it might be connected with the fact that the project’s realization has been repeatedly delayed, and over this period of time the cost has grown.
The total length of the high-speed network will be 770 km and 1 km of construction work will cost 1.4 bln roubles.