China to finance Moscow-Kazan High-Speed Railway Project

It is about a loan of 400 bln rubles without Russian sovereign guarantee
China to finance Moscow-Kazan High-Speed Railway Project
06 June 13:00 2016 Print This Article

China will provide a 400 billion rubles loan for a period of 20 years for Russia’s Moscow-Kazan High-Speed Railway Project without a sovereign guarantee of the Russian Federation. This was announced by the first deputy chairman of the Russian Railways (RZD) Alexander Misharin.

“This time our Chinese colleagues didn’t require sovereign state guarantees, as it was before,” Mr. Misharin said. This will rank the Chinese counterpart as an ordinary foreign investor who is working on the Russian market. According to him, there are the BRICS Bank and the Asian Investment Bank who are potentially willing to invest into the High-Speed Railway Project. To implement the project, the Chinese counterpart is ready to create several joint ventures with Russian companies for the production of rolling stock, building structures and communication devices.

Moscow-Kazan is a 770 km long high-speed railway to link the two cities in 3,5 hours in 2018.

Print this entry

  Article "tagged" as:
view more articles

About Article Author

Cecilia Valentini
Cecilia Valentini

View More Articles