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Russia Building High Speed Rail Route Linking St Petersburg & Nizhny Novgorod

Infra News - Published on Wed, 06 Nov 2019

Image Source: cdn4.img.sputniknews
Russia’s mega high-speed rail project to link Moscow, St Petersburg and Nizhny Novgorod is set to cost RUB 2.3 trillion (USD 36 billion). Around RUB 600 billion (USD 9.4 billion) will come in the form of direct state grants or cheap government-backed loans, while the rest will be financed directly by Russian Railways, which is fully-owned by the Russian government. In total, more than 1,000 kilometers of track will be built linking the three cities at a cost of around USD 33 million per kilometre.

The figures were included in a budget proposal sent from Russian Railways to deputy prime minister Maxim Akimov and circulated throughout the government

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Posted By : Ratan Singh on Wed, 06 Nov 2019
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