CRCC signs contract for two office buildings in central Moscow

China Railways Construction Corp signed its first building construction contract in Russia with Afi Development Group on Monday in Moscow, showcasing its expansion plans in that country.

The contract makes CRCC the general contractor to build two office buildings, one 20 stories and one 13 stories, in central Moscow. The total value of the contract is 6.7 billion rubles ($107 million), and the overall construction area of the projects will be around 9,200 square meters.

Meng Tao, president of CRCC Russia Corp, said the buildings will be built over 24 months.