Siemens Consortium Hopes to Participate in Russia High-Speed Rail Project -Handelsblatt
August 30 2019 - 3:33AM
Dow Jones News
--Industrial giant Siemens and a consortium of other German
companies hope to participate in building a new high-speed railway
connection between the Russian cities of Moscow and St. Petersburg,
German business newspaper Handelsblatt reports.
--The consortium around Siemens and the Russian railway company
signed a nonbinding letter of intent according to which the German
companies will help with the planning and construction of the
route, Handelsblatt reports.
--The railway project will cost around 20 billion euros ($22.14
billion), according to Handelsblatt.
Full story (in German): https://bit.ly/2ZqiJwf
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
August 30, 2019 03:18 ET (07:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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