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Investors - DECEMBER 27, 2019

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St. Petersburg passenger rail investment agreement announced

by Andrea Zander

Alexander Beglov, governor of St. Petersburg, has announced the government of St Petersburg and Russian Railways have confirmed their intention to invest 500 billion roubles ($8.06 billion) developing passenger rail services in and around the city by 2030, reported Railway Gazette.

This would include spending of 90 billion roubles ($1.45 billion) in 2020 to 2025.

The plans include the provision of frequent urban passenger services, to be facilitated by the construction of new bypass lines, which would enable all freight traffic to be re-routed to pass outside the city limits.

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