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Jun 21, 2013

Russian Railways and EBRD agree to cooperate on modernising railway infrastructure

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Russian Railways and the European Bank for Reconstruction and Development (EBRD) have signed a Memorandum of Understanding and Cooperation on modernising railway and related infrastructure.

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 projects.

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