Russian, Finnish Railways Sign Cooperation Agreement

28 November 2010 (Last Updated November 28th, 2010 18:30)

Russian Railways has signed a memorandum of intent with Finnish railway company VR Group to cooperate on international container freight services. The companies will set technical, technological and tariff terms for services on the Helsinki–Moscow route. The parties aim to attra

Russian Railways has signed a memorandum of intent with Finnish railway company VR Group to cooperate on international container freight services.

The companies will set technical, technological and tariff terms for services on the Helsinki–Moscow route.

The parties aim to attract additional freight flows and create a competitive container freight service for carrying cargo in container trains between Russia and Finland.

The joint work will be on the large reserves of the line throughput capacity, border crossings, an updated regulatory and legal framework, new capacity for transporting cars, and joint ventures engaged in goods transport.

Russian Railways said the companies also benefit from favourable tariffs, with the exceptional terms for container transport, coal, petrochemicals, and a range of other cargo set to remain in place in 2011.