Moscow to spend USD 33 Billion on metro expansion

The city of Moscow plans to spend USD 33 Billion by 2020 for extending the capital’s underground system, Andrei Bochkaryov, the head of the municipal construction department, said, RIA Novosti informs. “The total volume of financing has been set at over a trillion roubles (USD 33 Billion), which includes the planning and construction [of the underground system] up to 2020,” Bochkaryov said.

The Moscow metro, one of the world’s largest and most beautiful subway systems, will be extended by 145.5 km of rail lines and equipped with 67 new stations.

Currently, the total length of the Moscow metro, opened in 1935, comes to 305.5 km on 12 lines with 185 stations.
This is not the only public transport investment project. In April, the Ministry of Transport approved the plan of the Council on the elaboration of Moscow and Moscow Region transport system development. Thus, the Ministry suggests using as many governmental instruments as possible aimed at financing railway development projects. Projects on the efficient organisation of urban transport and improvement of transport systems will be implemented.

Source: http://en.ria.ru

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