China and Russia will build a high-speed railway line Moscow-Kazan worth nearly $ 19.6 billion

Almaty. May 26. Silkroadnews - According to the president of JSC "Russian Railways" Vladimir Yakunin, the total investment in the construction of high-speed railway line Moscow-Kazan is estimated at about 120 billion yuan ($19.6 billion). Chinese partners have expressed willingness to invest in this project and provide long-term loans for the operation line.
"This railway will serve as an important part of the new Eurasian transport corridor", - said the president of the Russian company.
He expressed the hope that the Chinese and Russian sides will cooperate in the field of railway construction and development.
The Chinese corporation of railway constructions previously announced that its wholly owned subsidiary, together with a Russian partner created a joint venture that won the tender to engineer reconnaissance, regional planning and design of the route Moscow-Kazan high-speed railway of the Russian Federation.
The Sino-Russian joint venture is consulting on a number of specific issues, a formal agreement is expected to be concluded by the end of May this year.

$ 1 = 6.11