Russo-Chinese Inter-Gov Agreement on HST Not Ready - Russian Ambassador

Russian-Chinese intergovernmental agreement on building the Moscow - Kazan high-speed mainline has not been signed yet, the TASS quotes Russian Ambassador to China Andrey Denisov. Negotiations are still ongoing, he added.

“As far as I know, the respective intergovernmental agreement that is to become the pinnacle of various documents on this project is not ready for signing but the negotiations are ongoing”, Mr. Denisov said. “We have no right to mistake. Not technically - it is more or less clear - but financially. It is hard to calculate financial consequences. The project is very expensive while the investments have to be returned”.