Chinese banks to invest USD 10.8 billion in Moscow-Kazan railroad

The Chinese funds will cover Russian Railways’ need for private investments for this project
Chinese investors are ready to invest 400 billion rubles (some USD 10.8 billion) in construction of a high-speed railroad between Moscow and Kazan, First Vice President of Russian Railways Alexander Misharin said.
“The project consists of state support and private funds. The Chinese funds will cover Russian Railways’ need for private investments for this project”, said Misharin.
Source: http://en.itar-tass.com


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