RZD intends to quadruple freight transit business
Russian Railways (RZD) is to spend more than RUB 200 billion (EUR 2.6 billion) on the development of infrastructure in order to achieve a fourfold increase in the volume of transit container shipments by 2024.
RZD has a transit traffic development plan which provides for the creation of 26 new railway stations and strengthens the power supply system along 1,300 km of tracks.
Furthermore, the transport company intends to continue developing electronic services and to change to a universal CIM/SMGS consignment note by 2019. This in turn will allow shippers to transport cargo between different countries on a single transport document and speed up border and customs operations. (ben)