Russia likely to participate in Indian railway projects

By Ajay Kaul

Ufa: Russia is likely to participate in railway projects in India, funding for which could be routed through the newly-set up BRICS’ New Development Bank.
Indications in this regard came on Wednesday from the head of Russian Railways Vladimir Yakunin, who said negotiations are underway with India in this regard. “As of now we are only a part of the Business Council. We do not yet have projects that are in the process of signing or implementation. But I am sure that such projects may appear in the near future. We are talking about Brazil, and negotiating on India,” Yakunin said.
The CEO of the Russian Railways said the company would be ‘interested’ in funding from the New Development Bank of BRICS (Brazil, Russia, India, China, South Africa), according to Russian news agency Tass.
Russian Railways is currently negotiating the possibility of participation in a number of projects in India, particularly in the modernisation and construction of railway infrastructure for increasing train speeds up to 160-200 km per hour, as well as the modernisation of railway stations. More info
Author: admin