High speed rail to Nizhny Novgorod needs finance

RUSSIA / FSU POLITICS - In Brief 15 Mar 2019 by Alex Teddy

Prime Minister Medvedev ok'd the first part of the enlarged Moscow-Nizhny Novgorod high speed rail line. President Putin will have the final say though. This rail line is unlikely to make a profit. It will cost USD 9.5 billion. Only USD 3 billion dollars will come from Russian Railroads and the federal government. Who would finance the rest? Presumably someone wishing to be in the president's good graces. The Ministry of Finance is deeply skeptical about the project. To break even this rail line would need a dramatic rise in passenger numbers. This line may well be an unsound investment.The...

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