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DJ MC

Russian Railways May Build $157 Billion of High-Speed Links

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OAO Russian Railways is planning more than 5 trillion rubles ($157 billion) of high-speed rail links as the world’s largest country by land mass plans to host the 2018 soccer World Cup.

 

“Building high-speed rail links is a brand new trend for the development of our economy,” Russian Railways Chief Executive Officer Vladimir Yakunin said in Sochi, the Black Sea city that will host the 2014 Winter Olympics. The plans are drawing interest from large foreign companies including Siemens AG (SIE) and Alstom SA (ALO), he said.

 

Russia’s ambitions to hold world sporting events is forcing the government to expand the national transportation system. The country doesn’t have a single high-speed rail line, whileJapan introduced the world’s first service in the 1960s, according to data from OAO High-Speed Rail Lines, a unit of RZD as the Russian rail monopoly is known.

 

State-owned Russian Railways plans the routes from Moscow to St. Petersburg, Sochi and Kazan, with an extension to Yekaterinburg near the border of Europe and Asia. The company is trying to start the pilot link to Kazan in time to race soccer fans to stadiums in four of the 11 cities hosting World Cup matches.

 

Read more: Source

Edited by DJ MC

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Ha, they'll probably just end up putting spoilers on their VL80s. I know Eastern Europe very well, and can say that an infrastructure that hasn't changed since the late 1970s will probably not change until the early 2030s at least.

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