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January 26, 2015
China, Russia Plan $242 Billion Beijing-Moscow Rail Link
China is planning to build a 242 billion USD high-speed rail connecting the Chinese capital to Moscow, cutting the journey from five days to two, Beijing's city government announced in a Weibo post on Wednesday.
The 7,000-kilometer railway, which will travel through Kazakhstan, is going to be three times longer than the world's longest high-speed line from Beijing to Guangzhou.
The project was introduced last October when Russia and China signed a memorandum of understanding over the high-speed rail link. First Vice President of Russian Railways Alexander Misharin said the trip could be completed within 30 hours, Bloomberg reports. Construction is expected to take eight to 10 years, according Misharin.