Russia’s New High Speed Rail Route to Cost Bln
Russia’s mega high-speed rail project to link Moscow, St. Petersburg and Nizhny Novgorod is set to cost 2.3 trillion rubles ($36 billion), according to Russian media reports.
Around 600 billion rubles ($9.4 billion) will come in the form of direct state grants or cheap government-backed loans, while the rest will be financed directly by Russian Railways — which is fully-owned by the Russian government. In total, more than 1,000 kilometers of track will be built linking the three cities at a cost of around $33 million per kilometre.