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Europe: Central Europe – Transsib railway construction project estimated at USD 2-3 billion

April 2008.

The agreement on the railway construction Central Europe – Transsib is to be signed in Vienna. The document envisages the beginning of pre design stage of wide gauge railway construction which is to connect the Central Europe and Transsib.

The document is to be signed by the President of Russian Railways (RZD) Mr. Vladimir Yakunin and the Slovakian and Austrian companies. Total investments in the project are estimates at USD 2-3
billion. Among the parties involved in the project are
Russia, Ukraine, Slovakia and Austria. Germany has also demonstrated its interest in the project. The income and expenses will be shared proportionally to the length of the railway passing via this or that country. The pre design will be completed this year.

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