icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russia & China to launch joint venture for constructing metros worldwide

Russia & China to launch joint venture for constructing metros worldwide
Russian engineering company Mosinzhproekt and the China Railway Construction Corporation (CRCC) plan to set up a joint venture for the construction of subways around the world, said Moscow Deputy Mayor Marat Khusnullin.

He said that several agreements have already been sealed with Chinese partners, particularly on the implementation of a joint project on transfer hubs and the exchange of information technology.

Russia & China to launch joint venture for constructing metros worldwide

“We have gained expertise and potentially after 2021–2022, when the main number of metros are completed, we can start building in other countries too,” Khusnullin said, adding that a preliminary agreement with the Chinese side has already been signed.

Since August 2017, CRCC has been building a 4.6km section and three stations on the Large Circle Line in Moscow, which will be completed by the end of 2020. In February, CRCC won another metro construction contract and is expected to start tunneling next month.

The Chinese firm may also invest around $1 billion in the construction of the first stage of Russia’s administrative and business center, Kommunarka.

The Moscow metro is one of the busiest in the world and is famous for its efficiency and elegance. It features some of the most beautiful stations, many of which are decorated with frescoes, marble columns and ornate chandeliers. It is one of the cleanest metros, with more than nine million passengers every day.

Opened in 1935 with 13 stations, it was the first underground railway system in the Soviet Union. As of 2019, the Moscow Metro, excluding the Moscow Central Circle and Moscow Monorail, has 232 stations (263 with Moscow Central Circle) and its route length is 397.3km (246.9 miles), making it the fifth longest in the world. The system is mostly underground, with the deepest section at a depth of 84 meters (276ft), one of the world’s deepest.

For more stories on economy & finance visit RT's business section

Podcasts