OREANDA-NEWS. July 04, 2014. In the Austrian capital Vienna, OJSC RZDStroy, a subsidiary of Russian Railways, and Rhomberg Sersa Rail GmbH, a Swiss-Austrian joint holding, have signed an agreement to beging joint activity.

The document was signed by Oleg Toni, Vice-President of Russian Railways and Managing Director of RZDStroy, and Garry Thuer, Board Member of Rhomberg Sersa Rail GmbH.

The signing took place at the Russia - Austria Business Council, which was part of the business programme of the recent official visit of Russian President Vladimir Putin to the Republic of Austria.

The agreement outlines the key areas of cooperation between the two companies in the railway sector, including the joint implementation of projects to construct railway infrastructure in Russia, Austria and other countries. The parties also intend to pay special attention to the implementation of projects to modernise and reconstruct tunnel complexes using Low Vibration Тrаск (LVT) ballastless technology.

Cooperation in the framework of the joint venture will allow the two companies to offer their services more efficiently on the market and successfully develop their technological potential in the future.