China, Russia plan bullet train JV

China and Russia are setting up a joint venture in Russia for making electromagnetic unit vehicles for the Moscow-Kazan high-speed rail project, railway equipment maker CRRC Corp Ltd said on Thursday.

The vehicles will be made by Changchun Railway Vehicles Co, a CRRC subsidiary based in the capital city of Jilin province, it said.

The high-speed rail linking Moscow and Kazan, the capital of Tatarstan Republic, is located in the high altitude area, while Changchun Railway Vehicles has rich experience and advantages in making electromagnetic unit vehicles for alpine high-speed rail lines, it said.