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. Last Updated: 07/27/2016

Deal Sealed on $60M Link to Sheremetyevo Airport

Moscow City Hall, Aeroflot and the Railways Ministry on Monday signed a deal to construct a railroad link connecting Sheremetyevo Airport with Leningradsky Station, a project the signatories called the first stage of a plan to bring rail access to all Moscow airports.

The 30-kilometer, $60 million link will be constructed by 2003 and see fresh track laid from the yet-to-be built Sheremetyevo Terminal 3 to the Oktyabrskaya railroad and then on to Leningradsky Station, officials said. A special terminal will be built at Leningradsky Station for airport-bound passengers to change from other means of transport. Similar stations will be set up at Sheremtyevo terminals 2 and 3.

Aeroflot general director Valery Okulov said the project would prove key in allowing the airline to "open up new potential in its development."

Okulov said the rail together with the new terminal will help the airline and Moscow become a transit hub between Europe and Asia. Aeroflot estimated transit operations, which currently account for 19 percent of passenger flows, will soar to 35 percent or 40 percent.

So far, the only Moscow airport with rail access is Domodedovo.

Once the Sheremetyevo rail is completed, track will be laid connecting the airport with the Moskva-City business center via the Oktyabrskaya railroad, officials said. Track will then be extended to Vnukovo Airport and the remote Moscow suburb of Zelenograd.

The entire airport project will come with a price tag of $300 million, said Railways Minister Nikolai Aksyonenko.

"It all will be tied up in a good, reliable transport system," he said.

Aksyonenko said the Railways Ministry is prepared to provide the initial financing for the project but is hoping to also attract outside loans. He said loans may come from a group of banks including the European Bank for Reconstruction and Development.