Friday, August 17, 2018

Russia to invest $100 billion to extend high-speed rail to Adler, Yekaterinburg

The Russian government announced last week that it plans to invest more than $100 billion to extend the Moscow-Kazan high-speed rail line to Yekaterinburg and Adler.

According to a government strategy released last Friday, the 500-mile Moscow-Kazan railroad is expected to be completed in 2018, ITAR-TASS reports.

A segment from Kazan to Yekaterinburg will be built by 2026--a project estimated to cost approximately $58 billion--and work on a segment from Kazan to Adler will begin after 2020--a project estimated at $67 billion.

High-speed rail lines will be constructed parallel to existing lines and will carry passenger and cargo traffic. Production of parts and materials for the high-speed rail lines will be centralized in Russia, according to Port News.