A planned high-speed railway stretching some 7,000 kilometers between Moscow and Beijing will cost about 7 trillion rubles ($153 billion) to build, a Russian Railways executive was quoted as saying Friday.
Over half of the sum, or 4 trillion rubles ($87.5 billion), is expected to come from Chinese investors, said Alexander Misharin, who heads Russian Railways’ subsidiary High-Speed Rail Lines, news agency TASS reported.
Russia and China signed a memorandum of cooperation on the development of a high-speed rail network in mid October that included construction of a high-speed rail line from Moscow to Beijing.
Trains are expected to hurtle along the new line at an average speed of 400 kilometers per hour, cutting the travel time between the two cities from the current 6 or more days to about 33 hours.
A high speed link between Moscow and Kazan, almost 800 kilometers to the east, is intended as the first section of the continent-spanning new railroad. But it is not clear who will foot the 1 trillion rubles ($21 billion) bill for the project. >> Read More