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Russia, China negotiate financing terms of high-speed railway building

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Russia, China negotiate financing terms of high-speed railway building

JSC Russian Railways is negotiating with the Chinese party a cheaper and more large-scale financing of a project for construction of a high-speed railway from Moscow to Kazan.


“We held a discussion, we gave them our terms – the reduction of debt interest rates and an increase in the debt volume,” first vice-president of the Russian Railways, Alexander Misharin, said on the sidelines of a meeting of the Railway Transport Council of the CIS held on Thursday. He noted that specific conditions should be offered by the Chinese party.

The current arrangements assume a rate of 4% per annum and the volume of lending of $400 million for 20 years, he added. According to Alexander Misharin, the Russian Railways does not refuse from German proposals, but they raise certain questions.

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