Tags: beijing | moscow | train | china

Beijing-Moscow Train Costing $242 Billion to Be Built by China

Image: Beijing-Moscow Train Costing $242 Billion to Be Built by China
In this December 2, 2010 file photo, a Chinese hi-speed train. (AFP/Getty Images)

By    |   Friday, 23 Jan 2015 07:00 AM

A Beijing-to-Moscow high-speed train will be built by the Chinese government at a cost of $242 billion, cutting the travel time between the two cities from seven to two days.

According to Bloomberg Businessweek, the planned route will travel through Kazakhstan and Mongolia.

Russia's economy has faltered in recent months as the price of oil dropped sharply, and it received trade sanctions from the U.S. after its invasion of Ukraine last year.

Ever since, it has sought to strengthen ties with China, and struck a gas supply deal worth $400 billion in May of last year, Newsweek reported. According to Russian news sites, the 30-year contract stipulates that Russia will export 38 billion cubic meters of gas to its southern neighbor.

The new high-speed rail line will be advantageous to Russia's export business, as well as provide the Chinese a chance to show off their ability to export high-tech infrastructure.

Alexander Misharin, a first vice-president at state-owned OAO Russian Railways, said in November that such a railway would take roughly 8 to 10 years to build.

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A Beijing-to-Moscow high-speed train will be built by the Chinese government at a cost of $242 billion, cutting the travel time between the two cities from seven to two days. +
beijing, moscow, train, china
178
2015-00-23
Friday, 23 Jan 2015 07:00 AM
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