New Eastern Outlook
Russia’s Deputy Prime Minister Arkady
Dvorkovich announced at a Krasnoyarsk Economic Forum on February 27 that
agreement has been finalized between the two countries on a proposal
made by Chinese Prime Minister Li Keqiang during his October 2014 visit
to Moscow to construct a 7,000 km and $242 billion high-speed rail
corridor going from Beijing across Kazakhstan and Russia to Moscow. The
project will include a high-speed Moscow to Kazar in Russia’s Autonomous
Tatarstan.
While the economies of the EU sink deeper into debt and stagnation of investment in its own rail and other infrastructure, China has become the world’s premier infrastructure builder. In a space little more than thirty years, the Asian country has become the world specialist in railway construction with projects across China and beyond. Last year the Chinese government announced that it had made construction of a trans-Eurasian high speed rail project, the so-called New Silk Road, highest state priority.
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The growing fusion of economic
self-interest between Russia and China has just taken another major step
forward with the final decision by Beijing and Moscow governments to
build a critical link in a high-speed rail infrastructure that will
connect Beijing and Moscow. It follows only weeks after signing major
energy deals between the two Eurasian nations as Putin’s Russia
continues her dramatic shift away from a contemptuous EU towards the
world’s fastest-growing region.
While the economies of the EU sink deeper into debt and stagnation of investment in its own rail and other infrastructure, China has become the world’s premier infrastructure builder. In a space little more than thirty years, the Asian country has become the world specialist in railway construction with projects across China and beyond. Last year the Chinese government announced that it had made construction of a trans-Eurasian high speed rail project, the so-called New Silk Road, highest state priority.
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