Report: China to build $242 bln railroad from Beijing to Moscow

MOSCOW, Jan 22 (PRIME) -- China will invest U.S. $242 billion in the construction of a 7,000-kilometer high-speed railroad between Beijing and Moscow, Bloomberg reported Thursday, citing Beijing municipal authorities.

The railway will go across Kazakhstan, the route will not coincide with the Trans-Siberian Railway. Travel time will be two days.

In October, Russian Railways, the Transport Ministry, the Chinese government and China Railway Construction Corporation signed a memorandum on high-speed road development. Russian Railways said then that the road between Moscow and Beijing will include a high-speed Moscow-Kazan segment.

End