Items Tagged With Russian Railways

Russian Railways (RZD) and the Transport Ministry of the country sealed an understanding memorandum with German Siemens and Deutsсhe Bahn (DB) to cooperate in high-speed railway service. The experts say Siemens and DB may soon join the RZD project of high-speed railway, which is being revived.

Vladimir Yakunin (president of Russian Raiways) said that the Pendolino was designed for the high-speed line between Saint Petersburg and Helsinki and that traffic would be organised on the existing infrastructure, but that this would require diverting freight traffic and constructing a 42-kilometer stretch through the Priozersky district of Leningrad region to the Finnish border at a cost of 400 billion roubles (at current prices).

Vladimir Yakunin, the President of the Russian Railways, informed about it. It is planned to carry out IPO of the created “daughter” at the Russian stock exchange a year later after the creation of the company, and one and a half year later - abroad, most probably, as Vladimir Yakunin said, at London stock exchange.