Russia to invest 69 mln USD in quantum communication network-Xinhua

Russia to invest 69 mln USD in quantum communication network

Source: Xinhua

Editor: huaxia

2022-12-17 18:30:00

VLADIVOSTOK, Dec. 17 (Xinhua) -- The Russian government will allocate 4.5 billion rubles (69.4 million U.S. dollars) to the state-owned Russian Railways in 2023 and 2024 to expand its quantum communication network, Russia's RIA Novosti news agency reported on Saturday.

As part of its digital economy framework, the government plans to invest a total of 9.4 billion rubles (144.9 million dollars) in the Russian Railways to develop the quantum communication network from 2021 to 2024, including 2.7 billion rubles (41.6 million dollars) in 2023 and 1.8 billion rubles (27.7 million dollars) in 2024 respectively, according to Russia's quantum communication roadmap approved in late 2021.

The roadmap includes more than 120 projects, such as tools to promote quantum communications for potential users, development of sales markets, commercialization of services and products of quantum communications.

The first pilot quantum communication line, built between Moscow and St. Petersburg in 2021 based on its existing optic network, is 700 km long and is expected to increase to 7,000 km by 2024.