China is interested in bankrolling Russia’s first high-speed rail line connecting Moscow and Kazan, investing about 300 billion rubles (USD 5.2 billion) in the construction of the project, Russian media reported, quoted by China Daily.
Of the total, 50 billion rubles (USD 870 million) would come as an equity payment from the Chinese company in charge of the project. A furtehr 250 billion rubles (USD 4.33 billion) would come in the form of 20-year loans from Chinese banks, according to sources familiar with the proposal.
Russian Railways recently announced the open tender for the right to sign an agreement to carry out engineering surveys, project development, route demarcation planning and project documentation for the construction of the Moscow – Kazan section of the Moscow – Kazan – Yekaterinburg High-Speed Railway Line in 2015-2016.
The tender will be held on 16 April 2015, the initial (maximum) contract price for the execution of the work is 20.79 billion roubles (USD 355.6 million) excluding VAT.