Russian Railways May Build $157 Billion of High-Speed Links
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OAO Russian Railways is planning more than 5 trillion rubles ($157 billion) of high-speed rail links as the world’s largest country by land mass plans to host the 2018 soccer World Cup.
“Building high-speed rail links is a brand new trend for the development of our economy,” Russian Railways Chief Executive Officer Vladimir Yakunin said in Sochi, the Black Sea city that will host the 2014 Winter Olympics. The plans are drawing interest from large foreign companies including Siemens AG and Alstom SA, he said.