MOSCOW, May 21 (RIA Novosti) – No foreign investor, aside from the Chinese, has offered a decent proposal for the construction of the metro in the Russian capital, the head of Moscow's transportation department said Wednesday.
"Since 2011, we have been in talks with the representatives of various companies from different countries around the world, but no one has had a clear, competent proposal so far," Andrey Bochkaryov said at a press conference.
On Monday, Moscow’s Mosinzhproekt signed a deal in Beijing with China Railway Construction and China International Fund to cooperate on a planned expansion of the Moscow Metro.
The project involves building 150 kilometers (93 miles) of subway lines and more than 70 stations, according to Moscow mayor Sergei Sobyanin. The project will increase the size of the metro by 50 percent.
The deal was reached during Sobyanin’s working visit to China. The agreement was signed by Deputy Mayor for Urban Development and Construction Marat Khusnullin, who earlier said that the new metro line in New Moscow is planned to open in 2018.
