World news Bookmark and Share

10.02.2012 15:42
Companies from all world are vying for the right to build and operate rail link between Moscow and St. Petersburg
High-Speed Rail Lines, a unit of state monopoly OAO Russian Railways, plans to name a shortlist of bidders in September or October

  • ©

Companies from Europe, China and South Korea are vying for the right to build and operate a $21 billion rail link between Moscow and St. Petersburg before the 2018 World Cup soccer tournament, the project manager said.

Siemens AG (SIE) of Germany, Alstom SA (ALO) and Bouygues SA (EN) of France, Italy’s Finmeccanica SpA and UniCredit SpA (UCG) and units of South Korea’s Hyundai and Samsung are among the companies that have expressed interest in the high-speed link, said Yelena Shebunina, deputy head of OAO High-Speed Rail Lines, in an interview in Moscow. A Portuguese group led Brazil’s Grupo Andrade Gutierrez SA expressed interest last week, she said.

High-Speed Rail Lines, a unit of state monopoly OAO Russian Railways, plans to name a shortlist of bidders in September or October, followed by more detailed negotiations on the technological, financial and legal aspects of the project before picking a winner, Shebunina said.

“Russia has never built a high-speed link, even though the rest of the world has been building them for the last 60, 70 years,” Shebunina said. “The potential candidates have amassed significant experience and this will be considered when the winner is picked.”

Russia in its winning World Cup bid pledged to build new links between cities that will host games by the end of 2017. The winner of the Moscow-St. Petersburg contract will own the right to operate the service for 30 years, Shebunina said. That track will span about 660 kilometers (410 miles).

TAGS: companies | rail | link | Moscow | St. Petersburg | world cup | Siemens | Alstom | Bouygyes | Finmeccanica | UniCredit | Hyundai | Samsung 

All world news

No published comments
Login to comment


17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text


No records in this category!

Poll asks: What will you use to heat your homes this winter?


We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.


What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.