ArmInfo.The Eurasian Development Bank (EDB) and Russian Holding Company CJSC signed a memorandum on the EDB's readiness to act as a lender and organizer of financing for the Meridian highway, which is part of the Europe-Western China transport corridor.
The signing of the document took place on the sidelines of the Second Eurasian Congress, which started today, December 2, in Moscow.
The document was signed by Nikolay Podguzov, Chairman of the Management Board of the EDB, and Alexander Ryazanov, Chairman of the Board of Directors of the Russian Holding Company CJSC.
The Eurasian Congress has established itself as an authoritative platform for open dialogue between representatives of the authorities and business of the Eurasian space. This year, its participants will discuss practical issues of enhancing the role of business, business circles, public-private partnerships in unlocking the potential of countries' integration - deepening industrial and technical cooperation, exchanging advanced technologies, and creating new value chains.
"Meridian" is a planned private road through the territory of Russia, which should connect China and Europe. It will significantly reduce the time of delivery of goods between these parts of the world. The new overland route will redistribute part of the load that is currently delivered from Asia to Europe via the Suez Canal and the Northern Sea Route, as well as by aviation and via the Trans-Siberian Railway. It is included in the state comprehensive plan for the modernization and expansion of the backbone infrastructure in Russia until 2024. The design of the highway is carried out taking into account the passage of composite road trains up to 50 meters long, including unmanned ones.
The route in Russia will pass through the Orenburg, Saratov, Tambov, Lipetsk, Bryansk, Oryol and Smolensk regions. The total length of the Shanghai-Hamburg route will be almost 8.5 thousand km, the length of the Russian section - about 2 thousand km.
