The Supervisory Board of VEB.RF has approved the terms of VEB.RF's participation is interested in financing a serial production plant for high—speed rolling stock for the Moscow-Saint Petersburg high-speed railway. This is stated in the message of VEB.RF.
The production of high—speed trains is scheduled to start in 2027, and serial production will begin in March 2028. The project is being implemented by Ural Locomotives JSC. The project budget is about 43 billion rubles, the required amount of VEB loans.Russian Federation — no more than 33.915 billion rubles, the loan term is up to 14.5 years. The loan is planned to be attracted on special terms within the framework of the "Cluster Investment Platform" mechanism.
As part of the Moscow high-speed rail network project — Saint Petersburg" WEB.The Russian Federation supports the creation of production facilities for the production of rolling stock and the execution of contracts for its supply to the carrier. VEB has already provided 34 billion rubles of guarantees under the project, and in the near future it will provide a guarantee for another 18 billion rubles.
Loans from the Industrial Development Fund (EDF), coordinated by VEB, have also been provided to finance the advanced purchase of equipment for the new plant.Russian Federation on behalf of the Ministry of Industry and Trade).
A complex for the production of high-speed electric trains with a total area of 60,000 square meters will be built at the site of the Ural Locomotives plant in Verkhnyaya Pyshma. The train will be made of state-of-the-art materials. It is planned that the plant will be built in 2026, and in 2027 the first 2 trains will have to arrive for certification and testing of the infrastructure. According to the plans, passenger transportation will have to start in the spring of 2028. The travel time between Moscow and St. Petersburg will be 2 hours and 15 minutes. To launch the HSR-1, it is necessary to have 28 trains by 2028.
The State Development Corporation "VEB.RF" (Vnesheconombank State Corporation) (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization of Vnesheconombank of the USSR in 2007. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.
