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

  • September 12, 2013
    Malaysia to invest billions in rail development
    Malaysia plans to spend a staggering US$50 billion to develop its rail network over the next seven years, including a high-speed rail linking Kuala Lumpur and Singapore set for 2020, and the urban mass rapid transit system that is rolling out in 2017. Compared to developed countries where rail transport makes up a third of public transportation, Malaysia's share is less than four per cent.
    Read More
  • March 20, 2015
    Israel’s public transport infrastructure ‘lags behind developed countries’
    According to a new report soon to be published by the Bank of Israel, the level of infrastructure in Israel remains lower in some areas—particularly in the area of metropolitan public transit—than in most developed countries. This report, according to an advance copy released this week, examines the level of available infrastructure and investments associated with the sector, as well as how the country fares in these arenas in comparison to other nations. It claims the volume of investment in urban and inte
    Read More
  • May 3, 2012
    Hyundai beats pending government mandate with throttle override
    Hyundai in the US has announced that it is fitting brake pedal electronic throttle override capability on all models well before government mandates come into effect. The US government mandate for brake pedal throttle override capability, a component of FMVSS 124 (Accelerator Control Systems), has been under consideration by the National Highway Traffic Safety Administration (NHTSA). However, its final approval and subsequent timing have yet to be determined. Hyundai says its development teams have been les
    Read More
  • July 30, 2012
    Green Light WIM
    Beginning in the 1990s, Oregon was one of the first US states to use weigh-in-motion scales and transponder-based systems to enable trucks to avoid having to stop at weigh stations. Its Green Light preclearance system soon became a model for similar deployments throughout the country. Today, Green Light annually weighs and screens 1.6 million trucks as they approach 21 Oregon weigh stations and it preclears 1.5 million of them.
    Read More

Highlighted Content