«High-speed Railway»
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News

07 june

Russian Railways signs agreement with SOGAZ on funding of the Moscow-Kazan HSR project

On June 7, at the XII International Railway Business Forum Strategic Partnership 1520, Russian Railways and SOGAZ Insurance (Insurance Company of the Gas Industry) signed an agreement on cooperation under the Moscow-Kazan high-speed railway project.
President of Russian Railways Oleg Belozerov and chairman of the board of SOGAZ Anton Ustinov signed the document.
The main objective of the agreement is to raise capital for the implementation of the project.
The participation of SOGAZ in the project will not only attract the necessary funding, but will also minimize its risks. Thus, it will create favourable conditions for the development of high-speed rail communication in Russia, including providing insurance protection of the property interests of the project participants.
In terms of charter capital and owners’ equity, SOGAZ is the leader in corporate insurance in Russia.

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