China Railway to build Russia link

New high-speed line to connect Yekaterinburg, Chelyabinsk

China Railway Group Ltd, an infrastructure construction company, will build a high-speed railway in Russia connecting the country's third-largest city Yekaterinburg with Chelyabinsk, as the Chinese company's overseas business keeps expanding.

The project will involve a total investment of $2.5 billion, according to a memorandum of understanding signed between the Chinese company and Ural Highway during the Fourth China-Russia Exposition held recently in the northeastern Chinese city of Harbin.