OREANDA-NEWS. November 25, 2013. Russian Railways and Hungarian State Railways have signed a memorandum of cooperation. The document was signed by Alexander Misharin, First Vice-President of Russian Railways, and Ilona David, Chairman of Hungarian State Railways, during the XXII Plenary Session of the international association the Coordinating Council on Trans-Siberian Transportation, which was held in the Hungarian capital Budapest.

The cooperation between the Russian and Hungarian railway administrations will be aimed at increasing the efficiency of the existing rail networks in the Russian Federation and Hungary, raising the competitiveness of rail transport compared to other modes of transport and working together on applying the requirements for the narrow 1435 mm and broad gauge 1520 mm railway systems in order to ensure their effective interaction.

Other priority areas singled out for cooperation include improving the operational safety of railway transport, minimising harmful effects on the environment and improving the tariff policy and information systems, as well as various other issues.