RZD suggested that Chinese partners should increase the loan for building the Moscow-Kazan HSR and cut the loan rate, the company’s First Vice-President Alexander Misharin said, Tass informs. “We have passed over our terms to them: to cut the interest rate and increase the loan value,” he explained. The final parameters should be determined by the Chinese side, he added.
Previously, the Russian and Chinese sides discussed a loan of RUB 400 billion (USD 6.9 billion) at 4% per annum for 20 years to finance the fast-speed rail line construction. The RZD first vice-president earlier said that the Moscow-Kazan HSR link construction was estimated at RUB 1.260 trillion (USD 21.7 billion).
The Moscow-Kazan HSR line may be launched into operation before 2023.
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