Following the results of negotiations with Chinese colleagues, the Russian President, Vladimir Putin, told journalists, "The Chinese party has agreed to invest about 300 billion rubles in this project".
The Ministry of Transport of the Russian Federation, the State Committee of the People's Republic of China for Development and Reforms, and JSC Russian Railways signed the memorandum on the forms of cooperation and the model of financing of the high-speed railway line from Moscow to Kazan. The Minister of Transport of the Russian Federation, Maxim Sokolov, the chairman of the China State Committee for Development and Reforms, Xu Shaoshi, the president of the Russian Railway, Vladimir Yakunin, and the head of Chinese Railroads Corporation (Chinese Railways, CR), Sheng Guangzu, signed the document.
