Chinese investors announce intention to build Moscow-Kazan high-speed rail line
Published: Thu, 2015-04-16 10:42- Likes 1
Russian RZD is considering a proposal of China to invest about 300 billion rubles (US$7 billion ) in the building of Moscow-Kazan high-speed rail line, according to President of RZD Vladimir Yakunin.
According to him, Chinese investors have confirmed their plans to allocate 250 billion rubles for the construction of the rail line in the form of loans and 52 billion rubles as a contribution to the management company of the project.
At the same time total cost of the project is estimated at RUB 900 billion.
The length of the new rail line will be 770 kilometers, while travel time only three and a half hours, instead of the current 14 hours.