Construction of the Eurasia high speed railway (HSR) connecting Europe to China can be completed by 2026, Russian Railways announced in a presentation to Tass agency. Construction start at different segment varies from 2018 (Moscow – Kazan HSR) to 2023 (Krasnoye-Moscow and Chelyabinsk – Zolotaya Sopka), the presentation says.
Construction of the Russian segment of the railway is estimated at is RUB 3.6 trillion (USD 60.9 billion), Russian Railways said.
The Russian segment of the HSR is anticipated to be laid from Krasnoye Station close to the border on Belarus to Zolotaya Sopka Station in the vicinity of the border with Kazakhstan.
The project can be financed with participation of the Russian Direct Investment Fund, BRICS New Development Bank, Eurasian Development Bank, Silk Road Fund and Russia-China Investment Fund, according to Russian Railways.
The project also provides for participation of major railway equipment manufacturers and construction companies from Russia, Europe, and China.
The participants of the meeting of the Russian-Chinese work group on high-speed railway cooperation have considered a preliminary technical and economic feasibility study and deemed the project for the construction of the Eurasia high-speed railway link between China and the European Union (EU) promising, Russian Railways
According to preliminary calculations, the Eurasia high speed railway (HSR) will become the biggest project in the area of railroad transport in the world.
“The level of shared understanding and the support provided to the project by authorities of both countries enable them to efficiently solve the key technological and organizational issues. We have managed to bring together positions in many areas since our last meeting,” First Vice President of Russian Railways Alexander Misharin was quoted as saying.
The total length of the Eurasia HSR will be 9,447 km (Beijing – Moscow – Berlin distance), including the Russian segment of 2,366 km.
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