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President of Russian Railways Oleg Belozerov and Chairman of the China Yingkou Port Group Lee Hechun discuss cooperation

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During his visit to Shanghai, the President Russian Railways Oleg Belozerov held a meeting with the Chairman of the China Yingkou Port Group Lee Hechun on 14 June 2016.

The sides discussed cooperation in a number of areas, which had previously been laid down in the Memorandum of Intent signed between Russian Railways and the China Yingkou Port Group on 3 September 2015.

During the meeting, the two men therefore talked about the prospects for cooperating on the development of international transit routes and transport and logistics infrastructure, as well as on joint projects in third countries.

Our Chinese partners confirmed their interest in establishing a joint Russian-Chinese logistics center in the Moscow region on the basis of the Bely Rast transport and logistics centre. In order to implement the project, the parties intend to create a joint project company, which will not only carry out the project itself, but also attract investment.

Several direct international container transportation routes are currently being arranged which will pass through the port of Yingkou, including Yingkou - Moscow, Yingkou - Centrolit in the Belarusia town of Gomel and Yingkou - Dobra in Slovakia. By using and developing these routes, freight delivery times from China's south-eastern regions to Europe will be cut by almost half.

During 2015, 17,700 Twenty-Foot Equivalent (TEU) containers were transported on the direct route from the port of Yingkou via the Manzhouli - Zabaykalsk border crossing to Russia, Belarus and Europe.

In the first 4 months of 2016, the number of TEU containers transported had already reached 8,300, almost 3 times more than during the same period last year.