Moscow - Kazan High-Speed Track to Cost 18 B USD

OAO RZD recalculated the amount of the Moscow - Kazan high-speed railway, the RBC reports. The total budget rose to 1.2 T RUB (18 B USD).

OAO RZD First Vice President Alexander Misharin sent a request to the Ministry of Transport requesting 643 B RUB (9.6 B USD) from the Government (earlier 505 B RUB (7.5 B USD) was requested).

The total length of the track would be 770 km; therefore, one kilometer of track would cost 1.56 B RUB (23.2 M USD).

OAO RZD explains the rise of the costs by inflation and the ruble exchange rate fluctuation. The actual costs have not risen, the company assures.