The Moscow Government today announced the signing of an agreement between JSC “Mosinzhproekt”, China Railway Construction Corporation and China International Fund, to mark the start of Moscow Mayor Sergei Sobyanin’s three day visit to Beijing, Shanghai and Hong Kong. The visit aims to strengthen bi-lateral financial cooperation between Moscow and the three respective Chinese cities, and promote significant urban and infrastructure development opportunities created by the “New Moscow” project. 

The Agreement outlines construction plans for a major underground transportation network initiative – the new South-West metro line, which is a key part of the “New Moscow” urban development project. “New Moscow”, which is an ambitious construction and infrastructure project that aims to double the size of the city, has already received US$4 billion worth of investment since its approval in 2012 and is expected to attract over US$200 billion by 2035.

On behalf of Moscow Government, the document signed by the Deputy Mayor for Urban Development and Construction, Marat Husnullin.

“We recently met in Moscow and agreed to attract investment in the construction of the Moscow Metro. It is certainly not as big as the Beijing and the Shanghai programmes, but nevertheless it is the biggest in Europe. ” stated Sergey Sobyanin, Mayor of Moscow, before the signing ceremony. He also stressed that the Moscow Metro development programe involves the construction of 150 kilometers of subway lines and more than 70 metro stations.

“One of the directions for Moscow metro development covers the territory of New Moscow, which is half as much again as the existing territory of Moscow and needs accelerated development of its transport infrastructure – roads, the underground and public transport,” Sobyanin said.

“We have agreed to design a project to invest together with our Chinese counterparts in this line, to construct it within the shortest possible time and to build transport interchange hubs. This will be the key project for attracting private investments from China in order to balance Moscow’s investment package and speed up development of investment and infrastructure projects,” the mayor said.

MosInzhProekt OJSC is the managing company in charge of design and construction of design and construction of state unitary enterprise “Moscow Metro” lines and stations and as such it also operates as a contractor in preparation of design documents and the subsequent construction of 90 transport interchange hubs joined to Moscow metro stations (all in all Moscow’s transport interchange hubs construction programme envisages the construction of 255 similar objects until the end of 2020).