China Railway wins US$390m Russian high-speed rail contract

SHANGHAI: Construction firm China Railway Group Ltd said it won a 2.4 billion yuan ($390 million) contract to build a high-speed railway line in Russia connecting Moscow with the city of Kazan.

The company, which is aiming to expand its business overseas after years of building China's railway network at home, said in a regulatory filing late on Tuesday it expects to complete the project before the 2018 FIFA World Cup in Russia.