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Moscow-Kazan Highway Got New Funding
November 23, 2016 00:17


German consortium offered Russian Railways (RZD) financing the construction of a high-speed highway Moscow - Kazan in the amount of about EUR 3.5 billion, including direct investments and credit resources.

The first vice-president of Russian Railways, Alexander Misharin told about that, as TASS reports. "We are talking about funding of EUR 2.7 billion plus 800 million", - he said. The representative of "highways" said to the News Agency that the foreign partners see an opportunity for financing the project up to EUR 2.7 billion".

Moreover, it is possible to attract the required share capital of up to 50 per cent to be provided by the German side and by other competent international institutional investors for implementation of the project, including the provision of investment guarantee of the Federal Republic of Germany, to enable direct investments in the amount of up to EUR 800 million. Negotiations on this issue were conducted by the consortium of Siemens, Deutsche Bank, Deutsche Bahn and other companies, with the federal government of Germany, export insurance agency "Euler Hermes" and German banks.


Author: Anna Dorozhkina


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