Moscow-Kazan high-speed railway project to be refined

Moscow-Kazan high-speed railway project to be refined
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The Russian government has forwarded financial, procedural and institutional models of Moscow-Kazan high-speed railway to a repeated qualitative follow-up work, Kommersant newspaper reports citing a letter of a deputy director of the governmental Industry and Infrastructure Department, Ruslan Zalivatsky.

An updated cost of the project will amount to 1,2 trillion roubles, an updated passenger flow will be 4,7 million roubles by the year 2020. The project envisages two phases realized on the principles of public and private partnership and in the form of concession. The phase one covers the route from the Russian cities of Moscow to Nizhny Novgorod and the phase two – from Nizhny Novgorod to Kazan.

China will be an investor and will allocate 52 billion roubles in stock capital of the phase one and $1 billion will be invested in the phase two.