A consortium of major German companies is ready to provide EUR 2.7 billion for the Moscow-Kazan high-speed railway line, according to RZD’s Vice President Alexander Misharin. Initially the sum that the consortium proposed to invest was EUR 2 billion. The terms of the financing will be fixed in an intergovernmental agreement, Alexander Misharin added.
Germany’s Siemens is part of the consortium and has said it is ready to manufacture rolling stock for the project. The company wants to provide an enhanced version of its high-speed Sapsan train for the new line.
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