Russian Railways and EBRD agree to cooperate on modernising railway infrastructure
Russian Railways and the European Bank for Reconstruction and Development (EBRD)
have signed a Memorandum of Understanding and Cooperation on modernising railway and
The document was signed by Vladimir Yakunin, President of Russian Railways, and
Suma Chakrabarti, EBRD President, at the St. Petersburg International Economic Forum
on Thursday, 20 June 2013.
According to the Memorandum, the two parties intend to cooperate on developing
high-speed transportation infrastructure, projects based on public-private partnerships
to modernise railway stations, and projects to develop transport and logistics activities.
Russian Railways intends to consider the EBRD's participation in financing these