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Russia to build new 'Silk Road' linking China

From asiatimes.com

Russian Prime Minister Dmitry Medvedev has approved the construction of a new tolled motorway across Russia designed to significantly shorten cargo routes, RT.com reported. The massive infrastructure project, the Meridian highway, has won the support of the Russian government, Vedomosti business daily said, citing government officials. The highway is set to stretch over 2,000 kilometres from the Belarus border to the frontier with Kazakhstan, and it is expected to become part of the fastest trucking route between China and Europe. The motorway will reportedly cost around 600 billion rubles (US$9.5 billion). According ... (full story)

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  • Category: Fundamental Analysis