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13:48, 26 June 2018

"Kommersant" reports Kadyrov's idea of high-speed trains across NCFD

Russia's President Vladimir Putin held a meeting with the head of Chechnya, Ramzan Kadyrov. Photo: screenshot of the video ntv.ru http://www.ntv.ru/novosti/641280/

Russia's President Vladimir Putin has ordered his ministers to consider the idea of Transcaucasian high-speed railway, offered by the head of Chechnya, Ramzan Kadyrov.

On June 15, Kadyrov asked Putin to include a new Transcaucasian High-Speed Railway (HSR) from Krasnodar to Grozny into the Spatial Development Strategy until 2025.

The "Kommersant" writes that the project assumes incalculable costs for the federal budget and state-owned companies, since the Transcaucasian HSR should pass away from the existing railways. Its cost can make 1.2 trillion roubles. By the way, to build the Moscow-Kazan HSR, Russia attracts "mainly Chinese funds."

Mikhail Burmistrov, the head of the "Infoline-Analytics", has treated the construction of the new infrastructure for the Transcaucasian HSR as an "extremely risky project." He explained that it is due to "ambiguous economic efficiency and dependence on foreign partners."

This article was originally published on the Russian page of 24/7 Internet agency ‘Caucasian Knot’ on June 26, 2018 at 09:35 am MSK. To access the full text of the article, click here.

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