Russia and China plan to invest more than 1 trillion rubles into building a high-speed railway between Moscow and Kazan, which is planned to be finished in 2020.
The development of high-speed rail is one of the most promising areas of Russian-Chinese cooperation, Russian President Vladimir Putin said.
“I consider the development of high-speed railway transport one of the most promising areas. We have already agreed on the parameters of joint funding for the construction of a high-speed route between Moscow and Kazan, and the amount of investment to be provided by our Chinese partners and us will exceed 1 trillion rubles. We expect to have the new route running by 2020, for it to become a model project of Russian-Chinese transport and infrastructure cooperation,” President Putin said.
He added that cooperation in the aircraft, rocket and aerospace industries is also extremely important for both countries.
“Cooperation in aerospace and space rocket industries is of great significance for both our countries. We have already agreed on the joint creation of a wide-bodied long-range jumbo jet and a heavy helicopter, as well as on a number of other joint programs,” Putin said in an interview with TASS and Xinhua on the eve of his visit to China.
