The amount of Chinese investment in a Moscow-Kazan high-speed rail project will stand at 104 billion rubles, a source in the group drafting an appropriate memorandum told Interfax on Friday.

The amount of Chinese investment in a Moscow-Kazan high-speed rail project will stand at 104 billion rubles, a source in the group drafting an appropriate memorandum told Interfax on Friday.

"The memorandum, which is expected to be signed between the Russian Transport Ministry, the National Development and Reform Commission of the People's Republic of China and RZD (Russian Railways, MOEX: RZHD), envisages the Chinese side's investment in the Moscow-Kazan high-speed railroad amounting to 104 billion rubles," he said.

However, Russia and China have so far refused to offer any official comments concerning the possible size of China's contribution to this project.

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