China on track to win Russian railway contracts
Source: Xinhua |
July 3, 2011, Sunday
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Print Edition
Print Edition
AS Russia expands its railway construction, China could enjoy greater cooperation potential with Moscow in the sector, especially on high-speed rail projects, says the president of the state-run Russian Railways company.
Vladimir Yakunin said that based on China's rich experience in railway construction and the mature mechanism of technology exchange between the two countries, China would have good chances of winning in the public bidding on major Russian railway projects including the Moscow-St Petersburg high-speed railway, the first in Russia.
Russia is working on the overall blueprint for a national high-speed rail system before the 2018 FIFA World Cup, Yakunin said.
"These projects are all ambitious, in terms of both investment and construction scale. I believe Russia and China have a very broad space for future cooperation, and I also think Chinese companies have good chances to win (in the bidding)," he said.
According to local media reports, the Russian Railway has announced it will invest US$30 billion to build high-speed railways.
Yakunin said all of the high-speed railway projects in Russia would be open for public bidding.
Vladimir Yakunin said that based on China's rich experience in railway construction and the mature mechanism of technology exchange between the two countries, China would have good chances of winning in the public bidding on major Russian railway projects including the Moscow-St Petersburg high-speed railway, the first in Russia.
Russia is working on the overall blueprint for a national high-speed rail system before the 2018 FIFA World Cup, Yakunin said.
"These projects are all ambitious, in terms of both investment and construction scale. I believe Russia and China have a very broad space for future cooperation, and I also think Chinese companies have good chances to win (in the bidding)," he said.
According to local media reports, the Russian Railway has announced it will invest US$30 billion to build high-speed railways.
Yakunin said all of the high-speed railway projects in Russia would be open for public bidding.
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