Siemens to invest in Ural high-speed railway
German technology company Siemens Mobility will invest in the construction of the Ural high-speed railway in Russia. The 220-kilometre double-track line will connect two large industrial cities of Chelyabinsk and Yekaterinburg. The high-speed railway will be launched in 2025.
The German company agreed to participate in the project and fund the construction. The Russian Direct Investment Fund, a state-owned financial institution, and Siemens Mobility, as a leader of a German Initiative consortium (Deutsche Bank, Deutsche Bahn and other companies), has signed an agreement on joint implementation of the project. The document was signed at the Munich Security Conference that took place on 15-17 February.
The estimated value of the Ural high-speed railway is 365.9 billion Rubles (around 4.9 billion Euros). The Siemens share in financing the project is unknown. At the same time, the Russian government plans to allocate 180 billion Rubles (more than 2.4 billion Euros). The remaining share will be funded by private investors.
Ural high-speed line
The Ural high-speed railway is one of three projects (together with the Moscow-Kazan and Moscow-St.Petersburg routes) that is actively discussed by the governmental officials in order to implement high-speed rail traffic in Russia. Its construction is expected to start in 2021. The line will have a speed of 300 kilometres per hour. It allows trains to run the distance between Chelyabinsk and Yekaterinburg in 1 hour 10 minutes (the current average travel time is 5 hours). The route will also have four stops at Koltsovo airport (Yekaterinburg), Sysert, Snezhinsk, Balandino airport (Chelyabinsk).
Today, the passenger trains run on the Russian railway network with a maximum speed of 220-250 kilometres per hour. The Sapsan units designed and manufactured by Siemens Mobility serve the routes from Moscow to Saint Petersburg and Nizhny Novgorod at a speed of 250 kilometres per hour. Meanwhile, the Allegro trains developed by Alstom on the base of the Pendolino platform run between Saint Petersburg and Helsinki at a speed of 220 kilometres per hour.