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Moscow - Beijing Railway: 7 Trillion Roubles
November 17, 2014 12:38


(Source: http://gallery.ykt.ru/photo/view/410018)

The total cost of high-speed railway Moscow - Beijing will make up 7 trillion roubles. This was stated by the Vice-President of Russian Railways Aleksandr Misharin, according to TASS. 4 trillion roubles of this amount will be funded by the Chinese party. The cost of the Russian section can amount to 2.8 trillion roubles. This part of the road will pass through Kazakhstan.

Misharin added that they are currently discussing the possibility of attraction of 400 billion roubles from the Chinese party for financing the Russian high-speed railway (HSR) Moscow - Kazan, which should become a part of the highway to Beijing. Earlier the Chinese signed a protocol stating  that they will consider participation in the implementation of Moscow – Kazan section within a public-private partnership.

Thus, PRC and its structures may participate both in the format of investments and borrowed assets. In addition, the Russian party, in its turn, is willing to consider the use of Chinese technologies in the field of high-speed railways, as well as in construction and equipment manufacturing.

A competition for development of specific technological conditions of the HSR project between Moscow and Kazan was announced in 2014. The length of the railway should make up around 770 kilometers, and the speed of trains on it will reach 400 kilometers per hour. Annual passenger flow on this railway line is estimated at 10.5 million by 2020.

 



Author: Anna Dorozhkina

Tags: Beijing Railway     

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