RZD and Moscow Metro to set up new JV

Railway Station Development and Moscow Metro are to establish a joint venture, Moskva-24 reports. The company named OAO RV-Metro will build transfer joints at Moscow Metro stations having no access to railway.

This is to be a 50/50 JV. At phase 1 OAO RV-Metro would build station infrastructure at Bibirevo, Medvedkovo, Molodezhnaya, Domodedovskaya, Bulvar Dmitriya Donskogo, Yasenevo, Polezhaevskaya and to be built Pyatnitskaya station. The JV would also get a right to rebuild metro stations.

The ROI of the project is estimated at 7 – 15 years. Co-investors will be attracted to the project.

Source: russianrailconsulting.com

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