Source: Russian Railways in May can sign an agreement with China to establish a joint venture for the high-speed rail from Moscow to Kazan – Kommersant

                             
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JSC “Russian Railways” in May during the visit of the Chinese delegation headed by President Xi Jinping may sign documents a joint venture (JV) for the project to build a high-speed rail (HSR) Moscow-Kazan, said a source familiar with the negotiations.

«We are talking about signing documents a joint venture for the project SCM Moscow-Kazan “- reports” RIA Novosti “According to the source. He said that it is about creating on a parity basis SPV-company, which through competition can involve contractors for the construction of the highway. The source added that it will partially finance, build, and so on.

Earlier, First Vice President of OAO “RZD” Alexander Misharin said that full exploitation of high-speed highway Moscow-Kazan can be started in 2020.

The length of the line will be 770 km, it will pass through the territory of the seven regions, where more than 25 million people. The project includes 15 stops, including Vladimir, Nizhny Novgorod and Cheboksary. The annual passenger traffic in the first years of operation of the line is estimated at 10.5 million people. Travel time should be no more than 3.5 hours at a maximum speed of 400 km per chas.Obschaya cost of the project for Railways was estimated at 384.1 billion rubles., For the three concessionaires – 684.4 billion rubles in.

For more information about high-speed rail project financing, read the material “b”, “China has found the money for high-speed rail from Moscow to Kazan».