China to invest over $2 bln in Moscow-Kazan high-speed railway project company — source

China is ready to invest 104 bln rubles ($2.03 bln) in Moscow-Kazan high-speed railway project company. The sum is included in the memorandum on cooperation on the development of high-speed railway network in Russia, a source close to the document preparation told TASS Friday.

China is ready to invest 104 bln rubles ($2.03 bln) in Moscow-Kazan high-speed railway project company. The sum is included in the memorandum on cooperation on the development of high-speed railway network in Russia, a source close to the document preparation told TASS Friday.

"The total amount of Chinese investment in the memorandum is 104 bln rubles ($2.03 bln) in the form of a contribution to the charter capital of the SPV-company," the source said, commenting on the scheduled for today Russian-Chinese memorandum on the high-speed railway project.

The source also said China is ready to increase the sum of credit for construction of the high-speed railway during project implementation.

"The Chinese side has already discussed the question of a probable increase of the sum of credit during project implementation," the source said, adding though that the sum currently discussed still equals to 250 bln ($4.9 bln).

First published by TASS.

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