Russian Railway Subsidiary to Establish a Joint Venture for High-Speed Transit

According to the information recieved by our Russian partners , OAO RZD’s subsidiary -Speed Mainline, may establish a joint venture with a strategic investor for the Moscow – Kazan high-speed mainline construction. OAO RZD President Vladimir Yakunin made this statement upon the meeting with President Vladimir Putin.

As the business news agency Prime quotes “A joint venture with a strategic investor that will contribute funds is planned to be established at Speed Mainlines”.

Mr. Ykunin  also noted that the strategic investor will be appointed as the design documentation is drafted. However, there is a huge interest towards the project. “Every large financial institution, every foreign construction company voiced their interest to this project”, he added. As Mr. Yakunin said the construction project is estimated at 928 BB RUR.

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