Source: Tanjug | Wednesday, 10.07.2019.| 11:24
Highlight an article Print out the news

Construction of 2,000-km highway linking Europe with China through Russia to start soon

Illustration
Illustration (Photo: Luis Viegas/Shutterstock)
A new highway stretching 2,000 kilometers through Russia has received the green light from officials. The "Meridan" highway will run westward from the country's border with Kazakhstan, creating the shortest route to move goods between mainland Europe and China, Russian state news agency RIA Novosti reported, CNN writes.

The agency said that Russian politician Dmitry Medvedev approved the first phase of the project, which will be funded as part of a partnership between private investors with state support. The project will cost an estimated USD 9.4 billion.

RIA Novosti reported that more than 80% of the land needed for the construction of the highway has already been bought, CNN adds.

The project is just one of many aiming to improve infrastructure and connectivity in the area.
In 2013, Chinese President Xi Jinping launched the The Belt and Road Initiative -- a global infrastructure policy aiming to build ports, roads and railways to create new trade corridors linking China to Asia, Africa and Europe.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE