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12 february

Siemens and German Initiative confirmed investments in Moscow - Kazan HSR construction totaling up to EUR 2 bn

Siemens President in Russia and Central Asia Dietrich Moeller confirmed the amount of possible investments from German Initiative Consortium in the Moscow — Kazan high-speed line (HSR) at a meeting held on February 11 of 2015 between JSCo RZD President Oleg Belozerov and  representatives of the Association of European Business (AEB). German Initiative Consortium represented by Dietrich Moeller confirmed its intentions to invest up to EUR 2 bn in the construction of a segment of the Moscow — Kazan HSR. “The amount of EUR 2 bn is not reduced. We are continuing our work. We know that the Chinese party is working, too, and I hope that this issue can be resolved on a trilateral basis, because this megaproject requires efforts not only on the part of Russia and China, but other partners as well,” stated Mr. Moeller. “We have the same proposals regarding the HSR funding. However, it is clear that due to the ruble’s volatility there is a certain risk in lending; and in this regard we need to find a solution that will be acceptable to all partners,” he added.

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