|Dec 18, 2019
Russian Railways to invest in St. Petersburg
Russian Railways intend to invest 90 billion rubles ($1.4 billion) in the coming six years.
Russian Railways intend to invest 90 billion rubles ($1.4 billion) in the coming six years and 500 billion ($7.85 billion) until 2030 in St. Petersburg, Alexander Beglov, Governor of the city, told speaking on Radio Russia.
He emphasized that it is of utmost importance that St. Petersburg residents should receive quick, comfortable and reliable transport services, and railway is a key area of development in this respect.
According to Alexander Beglov, electric trains are to become part of the city public transport system during the coming five years. For that, new rail infrastructures is to be built and the existing rails and other facilities are to be modernized. In exchange for investment, the city administration intends to grant Russian Railways tax privileges.
The road network in St. Petersburg is also developing. A new street section with an overpass was put into operation last week in Kolpino, a district in the southern part of the city, and in 2020, another flyover is to be built there.
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