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Railways: the construction of high-speed rail "Moscow-Beijing" will cost 7 trillion rubles

The construction of the Russian section of the high-speed railway (HSR) Moscow-Beijing will cost 2,5-2,8 trillion rubles, that is, about $ 60 billion, the first vice president of Russian Railways (RZD) said in an interview with Bloomberg and General Director of JSC "High-Speed ​​Railways" Alexander Misharin

"In fact, we are creating a new transport network, which in terms of scale and significance can be commensurate with the Suez Canal project," Misharin said. According to him, the Moscow-Beijing railway line with the length of about 8 thousand kilometers will provide an opportunity to deliver transit cargo and passengers from Asia to Europe and back through the territory of the Russian Federation, and not by sea.

On the existing railway lines passenger trains reach Moscow from Beijing for 5-6 days. At the end of the construction of the VSM (it will take 8-10 years), the travel time should be reduced approximately four times - up to 30 hours. At the same time, to service the new line, according to Misharin, it will take 300-400 passenger and about 170 specialized container trains.

To finance the project, the total cost of which Misharin estimated at 7 trillion rubles, is planned at the expense of investments by Russian Railways, the state and private investors, including Chinese ones.

In July 2014, RZhD held negotiations with the leadership of Chinese companies China Investment Corporation and CREC on partnership in the construction of the Moscow-Kazan bridge and within the framework of the Moscow-Beijing SCM project. The press service of RZD then reported that Chinese partners expressed interest in participating in the project as construction contractors, as well as in the creation of a consortium of investors.

In October 2014, representatives of the Ministry of Transport of the Russian Federation and the Russian Railways signed a memorandum on cooperation in the field of high-speed rail communication with the Chinese State Committee for Development and Reform and the Chinese Railways Corporation. At the same time, the Chinese side expressed its readiness to consider the possibility of its participation in the implementation of the project within the framework of the public-private partnership and the project's co-financing.

"Long money in the current conditions can provide Chinese investors, although for the project this is not the only opportunity. In any case, they are not exactly scared by the figure of about $ 10 billion, "Misharin told Bloomberg.

Earlier, the head of Russian Railways Vladimir Yakunin said that the Chinese side proposed to extend the Moscow-Kazan railway one way to Beijing, and to another to London.

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