Want China Times, Staff Reporter 2014-10-14
Russia signed an investment agreement with China on Monday to build a high-speed railway project between Kazan and Moscow. The link will be a pilot program for a Moscow-Beijing railway that will link Russia, Kazakhstan and China, reports the state-run Reference News, a newspaper which selects articles from major international news agencies and journals and translates them into Chinese for readers in mainland China.
Li Keqiang
and Russian prime minister Dmitry Medvedev signing a joint
communique in Moscow
on Monday. (Photo/Xinhua)
|
Russia signed an investment agreement with China on Monday to build a high-speed railway project between Kazan and Moscow. The link will be a pilot program for a Moscow-Beijing railway that will link Russia, Kazakhstan and China, reports the state-run Reference News, a newspaper which selects articles from major international news agencies and journals and translates them into Chinese for readers in mainland China.
The
agreement was signed by China's National Development and Reform Commission,
Russia's transportation ministry, China Railway Corporation and Russian Railways
(RZD). The design process for the railway may begin as early as this year or
next year, according to RZD president Vladimir Yakunin.
The
770km-long railway spanning six Russian regions will reduce the travel time
between Moscow and Kazan in the Republic of Tatarstan from 11.5 hours to 3.5
hours. The project is the first part of a Moscow-Beijing railway project that
will be over 7,000 km in length and will span Russia, Kazakhstan and China.
China has built a Beijing-Urumqi railway that is set to open before the end of
this year.
The two
countries have been negotiating on Chinese investment on the part of the
project between Moscow and Kazakhstan, the Russian railway company's first vice
president Alexander Misharin said in September, according to Russian
non-government news agency Interfax.
The railway
project is one of multiple deals Premier Li Keqiang of China and his Russian
counterpart, Dmitry Medvedev, signed during Li's visit to Russia on Monday. The
deal includes a bilateral currency exchange of 150 billion yuan (US$24 billion)
and 815 billion rubles (US$20 billion) over the next three years,
co-development of long-haul wide-body aircraft and heavy helicopters,
exploration of two natural gas fields, construction of a new natural gas
pipeline and a part of the facilities at a Chinese nuclear plant, expansion of
Russia's Zarubino port and information exchange between border customs of the
two countries.
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