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05 november

Dmitry Medvedev signed Moscow–Kazan HSR resolution

Russian Prime Minister Dmitry Medvedev signed a resolution on preparation measures for the implementation of Moscow-Kazan high-speed railway line (HSR) construction project. The document is available on the Cabinet of Ministers' website. “A set of works to prepare the territory for construction of railway infrastructure facilities is defined as an individual phase of the construction. This is intended to reduce the investment and construction periods and engage foreign and domestic organisations with innovation technologies and managerial skills in biddings and auctions for the construction of high-speed railway infrastructure”, says the summary. Remember, the details of Russian-Chinese Memorandum of Cooperation on RUB1.07 tn worth Moscow-Kazan HSR project were made known in May. According to Kommersant, Russia had to agree to Beijing's key requirement — the use of Chinese equipment for the HSR construction. Russia will probably manage to increase Chinese investments and loans to a certain extent. However, China requires sovereign guarantees. According to experts, Beijing might not strongly insist on a clearly defined payback since it has achieved its principal goal, i.e. found a market for its engineering products. Source: Kommersant

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