Reuters / Stringer |
China is going to build a US$242
billion (1.5 trillion yuan) high-speed rail link between Beijing and Moscow.
The line will cut the journey time from five to 'two days', say Chinese
authorities.
RT.com states the railway will be 7,000 kilometers
long and go through Kazakhstan, reports Bloomberg citing Beijing’s city
government on the social networking site Weibo, China’s alternative to Twitter.
The railway will make travel easier between Europe and Asia, the statement
said.
China is actively promoting its
high-speed railway technology and sees Russia as an especially attractive
market because of its strained relations with Western countries over Ukraine.
In October 2014 Russia and China
signed a memorandum of understanding over a high-speed railway connection.
Russian Railways then reported that its purpose was to plan for a high-speed
Moscow - Beijing Eurasian transport corridor.
The project was more interesting
because of the US$400 billion deal signed in May for Russian gas giant Gazprom
to build a pipeline and start gas supplies to China.
First Vice President of Russian
Railways Alexander Misharin said in November that the plan would cost US$60
billion to reach the Russian border and that the journey from Moscow to Beijing
could be done within 30 hours. The fastest route currently takes at least 5
days.
Misharin expected construction would take from 8
to 10 years. He compared the new railway network to the Suez Canal “in terms
of scale and significance.”
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