China and Russia to cooperate in Eurasian rail services
RZD Logistics (Russia) and Sinotrans (China) have signed a strategic cooperation agreement to develop transit traffic from China to Europe. The agreement contains a long-term partnership in international railway freight traffic, involving container trains to Europe from Chinese provinces and also from Europe to China.
RZD Logistics will supply wagons and operate trains in the 1,520 mm gauge area and in Europe. The Chinese company will provide, among other things, logistics services on its territory.
In addition, the parties will consider the possibility of joint investments in the development of various terminal complexes. (ben)