Putin backs creation of system to promote Russian goods on domestic marketBusiness & Economy April 25, 19:15
OSCE concerned over Russia’s declaring Jehovah’s Witnesses extremist organizationWorld April 25, 19:00
Russia to complete import substitution program for helicopter engines by 2019Military & Defense April 25, 18:39
Government is not going to reject floating ruble rate, Putin saysBusiness & Economy April 25, 18:10
Russian Navy rids itself of dependence on Ukrainian enginesMilitary & Defense April 25, 17:55
Ukraine's refusal to continue military cooperation prompts Russia to create new industriesMilitary & Defense April 25, 17:50
FIFA Secretary General on her mission and expectations from Confederations CupSport April 25, 17:39
Russia's Ansat helicopter to debut at aerospace show in MexicoMilitary & Defense April 25, 17:03
Putin points out Russian weapons' top performance in Syria helped boost exportsMilitary & Defense April 25, 16:33
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.