«High-speed Railway»
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06 september

First HSR designing soon to complete

In September 2016, design documents for the initial section of Moscow-Kazan HSR will be submitted for approval to Glavgosexpertiza, State Expert Review Board. Alexander Misharin, First Vice President of Russian Railways and CEO of High-Speed Rail Lines, announced at the Eastern Economic Forum in Vladivostok that design documents for the initial section of Moscow-Kazan HSR will be ready by the end of 2016, informs RZD TV corporate channel. “We are soon to finish designing of the initial Moscow-Nizhny Novgorod section. We have announced bids for technology and price audit. In September we will sum up the results and proceed to the bidding and Glavgosexpertiza review procedure. By the year-end, we will have a full set of the section's design documents available. Concurrently, we work to develop the project's legal and financial models. We expect the project to proceed to its construction phase next year”, told Alexander Misharin. According to Russian Railways's First Vice President, Moscow-Kazan HSR project is implemented on the basis of public-private partnership with a consortium of companies. To serve the project needs, a large carrier, owned by Russian Railways, will be set up. As Gudok.ru has already informed, according to High-Speed Rail Lines' estimates, social and economic effect of Moscow-Kazan HSR will equal almost RUB2.5 tn. Certain large international financial institutions have already expressed their intent to invest in the HSR. In particular, China Development Bank wishes to invest over RUB400 bn. There are proposals from Indian branch of the New Development Bank, BRICS New Development Bank, and Asian Development Bank. At the pre-project phase Gosstroy of Russia developed and approved 15 special technical specifications (STU) for the HSR. Russian-Chinese designer consortium specifically set up to design Moscow-Kazan HSR involved over 60 specialist organisations in project surveys. Besides, an Expert Council for HSR Technical Policy was established at the Russian Transport Academy. French partners from SYSTRA and SNCF (French national railway) were engaged for an unbiased assessment of the designs. Construction of the first high-speed railway line Moscow-Kazan 772 km long is going to be a largest infrastructure project of the new millennium. Russia will have its first HSR with trains moving at a speed of up to 400 km/h. The total value of Moscow-Kazan HSR is RUB1.068 tn. The project will fully "pay for itself" and be profitable for both the government and private investors. The first section (Moscow-Nizhny Novgorod) may be completed as early as 2018 for test operation. The second RUB441.9 bn section (Nizhny Novgorod-Kazan) will not be financed by the Sovereign Wealth Fund; it will use RUB150 bn of Chinese investments, another RUB150 bn of infrastructure bonds and private pension funds' money, and RUB37 bn of equity financing. It is planned to raise about RUB105 bn through a business loan granted at a market rate. Russian Railways and China Railway Corporation also agreed to facilitate Moscow-Beijing Eurasian High-Speed Transport Corridor and implement Moscow-Kazan HSR project as part of the Eurasian Corridor. The estimated cost of Moscow-Beijing HSR is RUB7 tn. A cooperation agreement has been signed between Sinara Group and Chinese CRRC Changchun Railway Vehicles for localisation of high-speed train production. Source: Gudok

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