February 15, 2019 / 2:55 PM / 4 months ago

Russia's RDIF, Germany's Siemens to invest $4.5 bln in rail link

MOSCOW, Feb 15 (Reuters) - Russia’s RDIF sovereign wealth fund and a unit of Germany’s Siemens have agreed to invest over 300 billion roubles ($4.5 billion) in a high-speed rail link between the Russian cities of Chelyabinsk and Yekaterinburg, RDIF said on Friday.

The deal was signed by RDIF and Siemens Mobility on the sidelines of the Munich Security Conference, RDIF said. Construction will start on the railway line in 2021, it said in a statement. ($1 = 66.5950 roubles) (Reporting by Oksana Kobzeva; writing by Tom Balmforth; editing by Kirsten Donovan)

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