OREANDA-NEWS. April 24, 2007. The Board of Directors of Russian Railways has approved the establishment of EvraziaRailLogistics, a joint venture between the Company, Raillion Deutschland AG and Polish and Belarussian railways.
The new company has a charter capital of 1.67 million roubles. Russian Railways has a 40.1% stake in the company, while Raillion Deutschland AG holds 34.9%, Belarussian Railways 10% and Polish Railways 15%. The joint venture will be registered in Moscow.
The Board of Directors of Russian Railways has appointed Sergei Kozyrev, Vice-President at Russian Railways, as chairman of EvraziaRailLogistics.
Initially, the main clients of EvraziaRailLogistics will be the new company s founders. The jv has been set up to coordinate the activity of its founders in optimising transportation, improving the quality of services and increasing freight volumes along the International Transport Corridor Number 2.