Russia’s part of Europe-Western China road to cost over $11 billion

According to Russia’s Federal Centre of Project Financing, the cost of building the Russian part of the international route Europe-Western China may exceed US$11.74 billion.

Its length will total 2,192km and construction will last about four years. Chinese companies are named among the most promising investors.

The federal budget will account for up to 50% of the capital investment in the project. The rest of the funds will be provided by private investors who will be able to return them by the concession grantor payment.