OREANDA-NEWS. On May 18, 2007 the two companies agreed to sign an agreement at the end of June 2007 to set up a joint logistics company during the Moscow meeting, reported the press-centre of  Russian Railways. Immediately following the signing, a decision is expected to be taken to establish a joint logistics company with three parties involved, including the Chinese Ministry of Railways. The two companies also agreed on 18 June 2007 as the preliminary date to set up Eurasia Rail Logistics, in which the railway companies of Russia, Germany, Poland and Belarus will be involved.


Russian Railways and Deutsche Bahn confirmed their interest in setting up an operating company to service the ferry link between Ust-Luga, Baltiisk and Zassniz, and agreed to continue joint work, including a detailed analysis of the freight volumes in both directions. Russian Railways also proposed a business plan for the operating company. Yakunin informed Mehdorn about the development of the project to modernise the section between Khasan and Rajin and the plans to modernise the Trans-Korean Main Line. Deutsche Bahn expressed its interest in taking part in the international financial consortium to implement the project to link the Trans-Siberian and the Trans-Korean Main Line, and also to establish a logistics centre at the port of Rajin. In addition, Yakunin and Mehdorn agreed to continue studying the feasibility of setting up a passenger operating company between Moscow and Europe, especially between Moscow and Paris, and study passenger flows on that route.