«High-speed Railway»
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12 february

Siemens and German Initiative confirm up to EUR2 bn investment in Moscow-Kazan HSR

Dietrich Moeller, President of Siemens Russia and Central Asia, confirmed possible financing of Moscow-Kazan high-speed railway line by the German Initiative consortium. At yesterday's (February 11, 2015) meeting between Belozerov Oleg, President of Russian Railways, and representatives of the Association of European Businesses (АЕB), the German Initiative consortium represented by Dietrich Moeller confirmed its intent to invest up to EUR2 bn in the construction of a section of Moscow-Kazan HSR. “The EUR2 bn remain. We are working intensively. We know that the Chinese party is also active, and I hope the issue is resolvable on a three-party basis, because a megaproject like this requires efforts of not just Russia and China, but the other partners as well,” Moeller stressed. “Our HSR financing proposal is still effective. It is clear, however, that the volatile ruble posts certain credit risks, and here we are to find an acceptable solution for all partners,” he added.

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