Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
Watchdog claims Telegram provides means of communication to terroristsBusiness & Economy June 23, 16:45
SOCHI, October 18. /TASS/. Russia and China have agreed to formulate the principles on which Chinese companies may join the Moscow-Kazakh high-speed railway project within weeks, the first deputy president of the Russian railways company RZD, Aleksandr Misharin, told the media on Friday.
“In accordance with this memorandum we held a meeting of the working group to agree that by December 15 we are to produce a combined report regarding the possibility of Chinese companies’ participation in the project. In other words, the conditions on which they may join in,” Misharin said.
The four-chapter report will reflect the basic principles of the financial model, the regulatory and legal structure, feasibility of investment, construction technologies and the localization of production.
On October 13 Russia and China signed a memorandum on cooperation in developing high-speed railway lines. In accordance with the document the parties will draft a project for a high-speed Eurasian transport corridor Moscow-Beijing, including the pilot project Moscow-Kazan. The memorandum envisages cooperation in design and construction work, maintenance, equipment supplies, investment and financing.
China is prepared to consider its participation in the high speed rail project within the framework of public-private partnership, co-financing of the project in the form of capital investment or lending. In implementing the project Chinese partners will have the right to propose supplies of corresponding technologies and localization of rolling stock and spare parts production in Russia.
Russia is prepared to consider using Chinese high speed rail technologies and also construction and equipment manufacturing know-hows.