The project to build a high-speed rail link between Moscow and Beijing will cost about $150 billion, Russian Railways First Vice-President Alexander Misharin said. The RZD official said “almost 4 trillion rubles (about $86 billion) will be provided by the Chinese side, Itar Tass news agency reports.” The construction of the Russian stretch of the Moscow-Beijing high-speed railway may require up to 2.8 trillion rubles (about $60 billion), Misharin said. “We need to calculate it because an expert study has not been carried out yet,” the RZD First Vice-President said. RZD is discussing the possibility of raising $8.5 billion from the Chinese side to finance a railway stretch between Moscow and Kazan in the Volga Republic of Tatarstan. The stretch will become a part of the high-speed railway between the two capitals, Misharin said. “We’re switching to specific negotiations,” Misharin added. The sides will develop a project of the Moscow-Beijing Eurasian high-speed transport corridor, including the priority Moscow-Kazan railway as the first section of the new rail link.
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