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Nizhny Novgorod Receives 52 km of New Tramways and 54 New Trams with Financial Support from VEB.RF

1 october 2024 года
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VEB.RF has provided about 0.6 billion roubles for Nizhny Novgorod to implement a project to modernise its urban electric transport. This includes 177 million roubles intended as payment for the construction earlier completed by the general contractor according to schedule, plus 382 million roubles allocated to improve rolling stock.

Nizhny Novgorod became the first to receive financing from VEB.RF for work completed under the programme to modernise urban electric transport. The concession agreement specifies phased construction and installation scheduled for completion in late 2026.

Currently, the construction of tramways in Nizhny Novgorod is ahead of schedule. The project has already given the city a total of 54 carriages, two traction substations, and 52.34 kilometres of single tramway tracks.

Promoting urban electric public transport in Russian cities is high on VEB.RF’s list of priorities. These projects make it possible to bring about substantial improvements in quality of life in cities. The use of exclusively domestic production solutions and processes delivers a significant multiplying effect in a whole range of economic sectors.

In total, VEB.RF provided more than 1.7 billion roubles for the Nizhny Novgorod project, including a tranche from Russia’s National Wealth Fund. This region became the first to receive funding from VEB.RF and the initial drawdown from the National Wealth Fund under the programme. VEB.RF’s commitment totals 32.1 billion roubles, including federal appropriations from the National Wealth Fund.

Aimed at upgrading the city’s entire tram infrastructure, the Nizhny Novgorod project is remarkable for its scope. Almost all trams pass through densely built-up areas, including local historic sites.

In terms of project characteristics, this is the largest component of the programme to renew urban electric transport systems. It is intended that the city will receive about 150 kilometres of new tramways, 15 traction substations and three tram depots will be rehabilitated, and 170 MiNiN trams will be purchased.

Nizhny Novgorod is on the list of cities approved by the Russian Government for the modernisation of urban electric transport with support from VEB.RF. Russian Deputy Prime Minister Dmitry Grigorenko was appointed to oversee the programme on behalf of the government.
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