The Analytical Center spoke at the stratsession on the implementation of the Moscow - St. Petersburg HSR project

The project of creating a 679 km long high-speed railroad between Moscow and St. Petersburg is currently under development. Implementation of the project will reduce the travel time of passengers by almost 2 times (from 4 hours and 5 minutes to 2 hours and 15 minutes) and will result in additional effects for the regions where the main line passes through. 

Within the framework of the strategic session held in the Business Relations Center of the Oktyabrskaya Railway of St. Petersburg, general information about the project was presented, methodology of calculation of socio-economic effects from the project implementation, development of territories, standards of improvement, services and tariffs were discussed. In addition, the experience of China in the implementation of high-speed railroad projects and their impact on the development of territories was reviewed. 

The Moscow Analytical Center together with the Center for Infrastructure Economics presented an assessment of socio-economic effects from the implementation of the Moscow - St. Petersburg High-Speed Railway project. The delegation from the Analytical Center included Maxim Ivanov, Director General of the organization, Timur Shakirov, Head of the Department of Urban Infrastructure Development and Financial Modeling, and Aramais Dzavaryan, Deputy Head of the Department.

During the session, experts told the participants about the methodology for assessing the socio-economic effects of creating a railroad, as well as how its launch affects the daily lives of citizens and business development indicators. The implementation of the project will result in the growth of gross regional product and budget revenues of the regions through which the high-speed railroad runs.

Thus, in particular, the development of the Moscow - St. Petersburg HSR leads to the growth of connectivity of the regions, increases their transportation accessibility, which gives impetus to their economic growth. Increased accessibility of the territory increases its capitalization and stimulates the creation of new residential and non-residential real estate, which, in turn, leads to the creation of new jobs, growth of GRP of the region and tax revenues to the regional budget.

The strategic session was also attended by representatives of Russian Railways, Sberbank, federal and regional authorities.