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08Jul15

Russian Railways prepares projects in Brazil and India that may be funded by BRICS Bank

Russian Railways may propose projects in Brazil and India for possible funding from the BRICS Development Bank, the company's CEO Vladimir Yakunin said Wednesday.

"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 judging by today's meeting, I am sure that such projects may appear in the near future. We are talking about Brazil, and negotiating on India," Yakunin said.

Head of Russian Railways said that the company would be "interested" in funding from the BRICS Development Bank.

Russian Railways is currently negotiating the possibility of participation in a number of projects in India, in particular in modernization and construction of railway infrastructure for increasing train speeds up to 160-200 km per hour, as well as the modernization of railway stations.

[Source: Itar Tass, Ufa, 08Jul15]
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