Tuesday, October 24, 2017

Deadlines set for high-speed rail links between Moscow, St. Petersburg and Yekaterinburg

Construction could begin in 2013-2028 on high-speed rail links connecting Moscow and St. Petersburg with Yekaterinburg, according to the ministry for economic development.

The information was presented in a report on Russia's long-term socioeconomic development uploaded onto the ministry of economic development's website, Ural Business Consulting reports.

The report presented a long-term forecast on the transportation sector's development for 2013-2030. Three different versions of the report were presented - one focused on innovations, another more conservative presentation and another offering a more accelerated plan.

The innovation-focused option would give $140 billion worth of investments toward the industry, with the total amount reaching $290 billion by 2030. Under the plan, the high-speed Moscow-St. Petersburg link would be finished by 2018 and the Moscow-Yekaterinburg link would be completed between 2020 and 2030. The links would cost $41 billion and $51 billion, respectively, Ural Business Consulting reports

The conservative plan presupposes a relatively insufficient investment flow. It estimates that by 2020, the industry would have received $90 billion of investments, which would rise to $220 billion by 2030. In this case, construction on the high-speed rail links would be completed approximately 10 to 20 years later.