Russian Railways (RZD) has unveiled the design concept for the future train to operate on Moscow – Kazan high-speed railway. Sinara Group is collaborating with China CNR Corporation to jointly develop and manufacture the 360 km/h high-speed train. The two companies plan to carry out production in Russia, reaching a level of of localisation of 80%. The price of the train has not yet been established, according to RZD. The 12-car train will have 743 seats, of which 380 in tourist class, 22 first-class, 112 business ans 229 second class.
The construction costs of the 770 km Moscow – Kazan high speed railway line are estimated at RUB 1.068 trillion, of which RUB 380 billion to be provided by the Russian state and a further RUB 150 billion rubles by Russia’s National Wealth Fund. Chinese companies are also interested in the project. In May 2015, RZD and China Investment Corporation signed a memorandum of intent on co-financing the Moscow – Kazan high speed railway project. By prior arrangement, the Chinese side is ready to invest about RUB 300 billion in the project, of which RUB 250 billion represent 20 year-term loans and the rest the contribution to the share capital of the established project company.
In June 2015, OJSC High Speed Lines, a subsidiary of Russian Railways, and Mosgiprotrans – Nizhegorodmetroproekt – China Railway Eryuan Engineering Group Co. Ltd consortium have signed a RUB 20 million contract for the development of the design documentation for the construction of the Moscow – Kazan section on the Moscow – Kazan – Yekaterinburg high-speed railway line. The design project is expected to be completed by May next year.