Within the framework of the project of Moscow – Kazan high-speed network construction, China will grant to Russia a 400 bln loan for the period of 20 years. The credit is allowed without state guarantees.
This is what the first vice president of the Russian Railways, Alexander Misharin, told reporters on Friday at the International Railways business Forum “Strategical Partnership 1520” held in the Russian city of Sochi.
According to Mr Misharin, within the framework of the agreement, the government being the concession grantor ensures compliance with the obligations. Such approach turns the Chinese colleagues into usual investors operating on the Russian market.