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Saturday, 28 March 2015

China and Russia Firm Ties With High Speed Rail Link

New Eastern Outlook

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. 

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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