(Yicai Global) April 18 -- China Railway Construction Corporation has inked a RUB27 billion (USD423 million) contract with Moscow Engineering Projects  to build a 6.4-kilometer subway line section in the southwest of the  Russian capital Moscow.

The line will connect downtown Moscow with Kommunarka, and is expected to  significantly ease traffic congestion in the metropolis, state-backed  Xinhua News Agency reported.

The Beijing-based firm is currently building another stretch of the Moscow  Metro's third transit line and progress is going smoothly, CRCC Russia  Chairman Meng Tao said at the signing ceremony. 

CRCC won its first contract for the transit system in 2017 before securing  another at the start of this year. Initial tunneling work began at the  start of this month. 

Editor: William Clegg