OREANDA-NEWS. October 20, 2011. Vladimir Yakunin, President of Russian Railways, and Vladimir Luptak, CEO of Zeleznice Slovenskej Republiky (Railways of the Slovak Republic) signed a Memorandum of Cooperation in Saint Petersburg, reported the press-centre of Russian Railways.

The two companies expressed their intention to cooperate on joint projects in the field of railway transportation in order to increase passenger and freight traffic using the Russian and Slovakian rail systems.

The Memorandum will facilitate the development and modernisation of transport infrastructure in the Slovak Republic, as well as mutual cooperation based on specific agreements, memoranda and specific projects to integrate the Russian and Slovak railway networks into pan-European and Eurasian transportation systems.

The companies also confirmed an agreement to continue their joint work within the framework of the project to extend a broad-gauge railway line to Bratislava and Vienna and to set up an international logistics center.

In addition, the parties undertook to ensure the provision of efficient transport services on the basis of mutual benefits and the long-term interests of the Russian Federation and the Slovak Republic.