Russian Railways will implement some infrastructure projects part of the long-term investment programme under Public-Private Partnerships scheme Alexander Misharin, First Deputy Managing Director of Russian Railways, announced.
To realise its USD 137 billion (RUB 9 trillion) investment programme, RZD expects that USD 61 billion (RUB 4 trillion) will come from private investors.
The company works on the Northern Latitudinal Railway project which will be implemented under PPP. Currently, a discussion is initiated on the question of private capital participating in the project on a par with state financing to develop the St. Petersburg transport hub.
Another project that is expected to be implemented through PPP is the planned construction of the Moscow – Nizhny Novgorod – Kazan high-speed railway line. A total of USD 9.5 billion (RUB 621 billion) in financing will be required for the first section between Zheleznodorozhny – Gorokhovets, with almost USD 3 billion (RUB 200 billion) coming in the form of a capital grant, that is state support as envisaged in the Comprehensive Plan for the Moderniation and Expansion of Main Line Infrastructure 2019-2024. Another USD 3 billion (RUB 201 billion) is to be covered by Russian Railways.