Govt may approve Moscow-St Pete speed railway design May–Jun - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Govt may approve Moscow-St Pete speed railway design May–Jun

MOSCOW, Apr 25 (PRIME) -- The Russian government plans to approve design of a Moscow–St. Petersburg high-speed railway in May–June, Deputy Prime Minister Maxim Akimov told reporters on Thursday.

“We plan to approve the high-speed railway project’s design finally in May–June. I would like to reiterate that it is not about cancelling something, it is only about the order of implementation of the projects,” he said.

Russian Railways already made preliminary estimates of the project’s cost and submitted them to the government, he said.

Localization of production of high-speed trains in Russian will be viable only if two high-speed railway roads, the Moscow–St. Petersburg and Moscow–Kazan rails, are built, he added.

Russia currently has no high-speed railways and does not produce high-speed trains. The Moscow–Kazan railway was to become Russia’s first high speed railway.

Russian Railways has been working on the project for several years, but President Vladimir Putin approved development of the Moscow–St. Petersburg railway as most economically feasible.

End

25.04.2019 14:43
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.0270 -0.6917 28 apr
USD 91.7791 -0.2343 28 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3486.30 +0.24 18:50 30 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 164.03 0.00 23:50 30 apr
lkoh 8152.00 0.00 23:50 30 apr
rosn 582.00 -0.20 23:50 30 apr
sber 308.24 -0.24 23:50 30 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 97.7950 0.0000 05:00 30 apr
USDTD 91.5550 0.0000 05:00 30 apr