[5] In August 2023, president Vladimir Putin announced his support for taking the project forward, as well as making progress towards Nizhny Novgorod, Voronezh and Kazan.
[1] On December 15, 2023, the Russian minister of transport, Vitaly Savelyev, said that they have formed the main parameters of implementation and developed a financial and organizational model.
[1] Estimates placed cost more than 2.3 trillion rubles ($25.97 billion), and will be built by VSM Two Capitals, a Russian company, using both state and private money, under concession.
[7][8] In total, it is estimated 580 billion rubles will need to be allocated form the National Wealth Fund, with the remaining amount coming sources such as VTB, Sberbank and Gazprombank (state-owned banks).
[7] Sberbank arranged two syndicated loans, involving VTB (providing 400 billion rubles) and Sovcombank, for the construction of the new line and the rolling stock.