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PRESS: Southern Cluster railway project to cost 1.4 tln rbl

Railway05MOSCOW, Nov 20 (PRIME) -- The Southern Cluster, a project of Russian Railways that should speed up passenger transportation to the countrys south, will cost 1.37 trillion rubles, of which 300 billion rubles may come from the National Wealth Fund in 20252030, Kommersant business daily reported on Friday quoting the projects schedule.

Under the plan, the railways near the city of Sochi will be moved from the coast further inland. The most expensive part of the project is a 934.9 billion ruble construction of the KrivenkovskayaSochi railway branch. Russian Railways will have to spend 45.7 billion rubles on connection of the OzherelyeYelets railway line to the power grids, 267 billion rubles on reconstruction of infrastructure at the line and at the VoronezhGoryachy Klyuch line, and 116.6 billion rubles on construction of a new railway line YeletsVoronezh, Kommersant reported.

A source familiar with work on the project told Kommersant that the figures were only preliminary, not approved.

The project should halve travel time of a passenger train from Moscow to Adler to 16 hours from 32 hours in 2030.

Russian Railways declined to comment, while a representative of the Finance Ministry said that the relevant agencies were now working on a financial model and design of the project, including financing sources. (76.2627 rubles U.S. $1)

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20.11.2020 08:32
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