Russia meets high-speed train
Russia's first high-speed rail line in Moscow-Kazan and Moscow-Adler. With the project, which was decided to be completed by 2018, the Moscow-Kazan will be reduced to 3,5 hours.
Russian President Vladimir Putin held a meeting in the coastal city of Sochi on the development of high-speed train transportation in the country. At the meeting, Russia's first high-speed rail route is Moscow – Kazan and Moscow – Adler. With the project planned to be completed by 2018, the Moscow-Kazan will be reduced to 3,5 hours.
Putin: "Tickets should be cheap"
Russian leader Putin said that high-speed rail lines should be used to calculate the pros and cons of potential investors and to create a clear financial scheme for the projects. The Russian president added that appropriate ticket prices should be created for the public.
According to Vladimir Yakunin, head of Russian Railways, the high-speed railroad project will cost around $ 1 billion. The contribution of the government to the project is determined as 30 billion dollars. Yakunin said the project would require around $ 21 billion dollars in government aid to keep the ticket prices cheaper during the operation phase.
According to preliminary evaluations, the prices of high-speed train tickets can range from 25 to 250 dollars.