Russian Railways looks to raise $17bn for high-speed network upgrade

The Board of Russian Railways this week signed off on plans for a 15-year $17bn upgrade of the country’s rail network. The programme will involve  the construction of high-speed lines between Moscow and St Petersburg, Moscow and St Adler and on the Moscow – Kazan – Yekaterinburg route as well as small projects between a number of regional cities  including between Tula and Belgorod, Yekaterinburg and Nizhny Tagil and Novosibirsk and Barnaul.
It also provides for the design of a container port in Ust-Luga for the  reception and distribution of container goods moving between China and Europe. Part of the cost of the programme is likely to be funded by infrastructure bonds while the cost of requisitioning the land required may be offset by the issuing of long-term debt securities to land owners. 
According to the company’s own calculations, the program will add 1.31% to the growth of the country’s GDP. 

Source: Vedomosti