«High-speed Railway»
Рус / Eng

News

29 april

Russian-Chinese working group discussed prospects of Moscow - Kazan HSR construction

The Russian delegation was led by First Vice President of JSCo RZD Alexander Misharin and Deputy Minister of Transport Alexey Tsydenov. The Chinese delegation was headed by Deputy Chairman of the State Committee on Development and Reform Hu Zucai and Deputy Director General of China Railway Huang Ming. The participants discussed the key issues of designing the Moscow — Nizhny Novgorod — Kazan HSR with account taken of the main principle of the project — optimality of technical solutions with minimization of required costs of construction. Among considered solutions were development of devices for interlocking and blocking, reinforcement of the roadbed, designing of out-of-class bridges, superstructures over the rail line, and development of production facilities at stations.  The specialists paid special attention to the systems of railway automation and telemechanics, signaling and communications, management of operation of trains for the Moscow — Nizhny Novgorod — Kazan HSR. The Russian and Chinese specialists agreed on close interaction at the stage of expert evaluation of design documentation. Additionally, they noted the necessity for acceleration of efforts on following the design schedule. The parties stated in a separate document that the project of the Moscow — Nizhny Novgorod — Kazan HSR construction would be implemented on the principles of public private partnership (PPP model) in the form of concession according to the concession laws of the Russian Federation. There are plans to establish a special purpose vehicle (SPV), a concessioner, within the framework of project implementation. Its objective is conclusion and performance of a concession agreement on the construction of the Moscow — Nizhny Novgorod — Kazan HSR. The project will be implemented through investments in the form of capital stock and debt financing. According to the arrangements, the Chinese party will ensure capital stock financing for implementation of the project at the Moscow — Nizhny Novgorod section in the amount equivalent to RUB 52 bn (in US dollars) and an additional amount of USD 1 bn for the purpose of implementation of the project at the Nizhny Novgorod — Kazan section. Additionally, the Chinese party will provide debt financing in the amount equivalent to RUB 250 bn for the Moscow — Nizhny Novgorod section and in the amount equivalent to RUB 150 bn for the Nizhny Novgorod — Kazan section. The parties discussed the possibility of financing the project both in the US dollars and yuans. The provisions of the project will be reflected in an agreement between the government of the Russian Federation and the People’s Republic of China, which is to be signed in 2016.

2017   2016   2015   2014   2013   2012   2011