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With so much murder and destruction of infrastructure around the world from Syria to Ukraine to Venezuela and Nigeria, I want to highlight two recent projects to build new infrastructure in order to bring economic growth and prosperity to some of the least developed regions of the Earth—Eurasia, the vast land space between Russia and China. Two projects have just confirmed they are going ahead. The
Moscow-Kazan-China high-speed railway via Kazakhstan is one. The second is a major railroad bridge over the Amur River to China. Both in and of themselves are not transformational. In context of the broader multi-trillion dollar infrastructure project,
One Belt, One Road or the Economic New Silk Road as it is also called, the two projects are vital links in creating the next world economic center of growth for at least the next century.
On June 3 Alexander Misharin, First Vice-President of the state-owned Russian Railways announced that the New Development Bank (NDB) of the BRICS countries, formally established in 2015, after hearing the presentation from Russian Railways, has agreed to provide partial financing of up to $500 million for the Moscow-Kazan high-speed railway project. China has recently confirmed plans to provide a 400 billion-ruble or $6 billion loan for Russia's Moscow-Kazan section of what will be a far greater Moscow-Beijing high-speed rail link of the One Belt, One Road infrastructure. China will also give equity financing of 52 billion rubles and an additional $1 billion to complete the
project.
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