Baku, Azerbaijan, July 12
By Ali Mustafayev – Trend:
The China-Kazakhstan-Russia-Europe high-speed railway project does not lose its relevance despite negative financial assessment of the China Railway Eryuan Engineering Group CO.LTD. (CREEG) and remains in plans of the parties, including Russia and Kazakhstan.
"In accordance with paragraph 5.1.3 of the Protocol of the 19th meeting of the Intergovernmental Commission on Cooperation between the Republic of Kazakhstan and the Russian Federation, we plan the construction of a high-speed railway China-Kazakhstan-Russia-Europe. The project provides for the speed of cargo-passenger trains exceeding 350 km/h," Deputy Chairman of the Board of Kazakhstan Railways Maksat Kabashev told Trend.
He added the total length of the high-speed highway will amount to almost 10,000 kilometers.
"The length of the railway on the territory of Kazakhstan will amount to 1,736 kilometers," Kabashev said.
Previously, CREEG announced that Beijing-Moscow-Berlin high-speed railway project will not pay off for investors at a market credit rate (above 5.75 percent, this percentage is taken as the basis for calculating the financial model) and the share of attracted financing at 60 percent.
The document with the data of the corporation was presented in September 2017, and at the moment it remains the last actual financial evaluation of the project from the Chinese side.
Russian President Vladimir Putin, in turn, stated following the results of the plenary session of the XIV Forum of Interregional Cooperation between Russia and Kazakhstan that the launch of a new railway from China to Europe through the territories of Russia and Kazakhstan could positively affect the industry and logistics of the countries.
The Russian president also stressed the positive effect of this project from the point of view of logistics and transit development.
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