OREANDA-NEWS. May 12, 2014. At the 60th Session of the Council for Rail Transport of CIS Countries, Russian Railways and the holding Bulgarian State Railways signed a memorandum of cooperation

The document was signed by Vladimir Yakunin, President of Russian Railways, and Kristian Krastev, CEO of the Bulgarian State Railways' holding, in Astana, the capital of Kazakhstan.

"This is a clear-cut and formalised intention of Russia's railways and our colleagues to enhance cooperation in the field of rail transport," said Vladimir Yakunin.

"The signing of this memorandum forms the basis for the development of closer relations between Russian Railways and Bulgarian State Railways and aims to increase freight transport between Bulgaria and Russia," said Kristian Krastev.

The Memorandum provides for the implementation of joint projects to improve the competitiveness of rail transport and to increase passenger and freight traffic using the Russian and Bulgarian transport systems.

Particular attention will be paid to the use of the rail-ferry service between the ports of Varna and the Caucasus.