Siemens and Hyundai propose concession company for Moscow metro construction

Siemens and Hyundai have made a proposal to Moscow’s government to form a concession company for underground construction. The company is not only to build the metro and supply the rolling stock but also get a concession for land plots.
April 20, 2012 Read time: 1 min
RSS189 Siemens and 1684 Hyundai have made a proposal to Moscow’s government to form a concession company for underground construction. The company is not only to build the metro and supply the rolling stock but also get a concession for land plots.

Some 82.5 km of underground railways, along with 64 escalators, are to be built in Moscow by 2017, while nearly 1,300 railways carriages are scheduled to be replaced. The project investments are estimated at nearly US$20 billion.

Hyundai representatives say they are ready to build up to 15 km of lines annually in Moscow and expect to participate in the design, too. The company says it may also arrange the funding and obtain loans from Korean banks.

Siemens says it is interested in supplying the rolling stock and is also an expert in railroad automation, electrification and safety automation system for underground stations.

Related Content

  • European Bank backs Tblisi metro modernisation
    May 11, 2020
    A loan of €75 million will improve commuters’ journeys in Georgia’s capital
    Read More
  • Contracts awarded for Riyadh six-line metro
    July 30, 2013
    The government in Riyadh, Saudi Arabia, has awarded three engineering and construction packages for its six-line metro project. The contracts, worth around US$22 billion, have been awarded to a consortium of the US's Bechtel, Germany's Siemens, the regional Consolidated Contractors Company and Saudi Arabia's Almabani; a consortium led by Italy's Ansaldo STS; Spain's Fomento de Construcciones y Contratas (FCC), France's Alstom and South Korea's Samsung C&T.
    Read More
  • Social media a one-stop shop for travel information
    January 20, 2012
    Exponentially widening mobile phone ownership is opening up the field to new ways of obtaining and disseminating better travel information from and to public transport users, via for example social media and tracking riders' phones. Over 50 US transit agencies, including major actors such as TriMet, in the metropolitan area of Portland, Oregon, Dallas Area Rapid Transit in Texas, and San Francisco's Bay Area Rapid Transit District (BART), as well as smaller operators, now have Facebook and/or Twitter accoun
    Read More
  • Success of London's Olympic public transport systems
    December 4, 2012
    The Olympic flame has moved on, allowing review of the relative degrees of London’s 2012 transportation success, how it was done and with what lasting effects. Jon Masters reports. This magazine’s international position provides a good vantage point for assessing impressions left by London’s 2012 Olympic Games. On the whole, it has been only praise and congratulations heard since the closing ceremonies of the Olympic Games in August and the Paralympics in September. The events looked great and ran smoothly
    Read More

Highlighted Content