9,549.89 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.57 USD USD USD
36.25 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
74.60 USD Fossil Oil Fossil Oil
30.71 USD Silver Silver
4.16 USD Copper Copper
100.33 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,961.97 TRY Gold (gr) Gold (gr)

Russia has approved a $25 billion high-speed railway project

The Russian Government has approved a $25 billion high-speed railway project between Moscow and St. Petersburg, set to begin construction with a need for 1 million tonnes of rebar and other metal products.

Russia has approved a $25 billion high-speed railway project

In June, the Russian Government approved an order to build the country's first high-speed railway (HSR) between Moscow and St. Petersburg. The total cost of construction of the trunk line will be more than 2.2 trillion roubles, which is equivalent to approximately USD 25 billion.

According to Alexander Misharin, vice-president of Sinara Group, the length of the main line will be 780 kilometres, and it is planned to be put into operation by 2030. Misharin also said that one million tonnes of rebar will be required for the construction of the HSL.

In the future it is planned to extend the high-speed railway to Kazan and further to the Urals. In addition, the production of 17 high-speed trains per year will also require metal. It is estimated that 44 high-speed electric trains will be required to operate on the high-speed railway.
The high-speed trains will be built in Russia by Sinara Group at the Ural Locomotives plant in co-operation with Transmashholding.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Central Bank of Iran's new directive will create opportunities in the steel sector

Monday, November 25, 2024

Acciaierie Venete acquires Euro Sider Scalo

Monday, November 25, 2024

India records increase in crude steel production, but growth rate slows

Monday, November 25, 2024

EIA process initiated for Tosyalı Denizcilik's port project

Sunday, November 24, 2024

Argentina's crude steel production expected to decrease by 22.2%

Sunday, November 24, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now