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Jun 19, 2015

"Cooperation between BRICS countries opens a window of new opportunities for rail transport development" says Vice-President of Russian Railways Alexander Saltanov


"BRICS opens a window of new opportunities for the development of railway transport for members of the BRICS group," said Alexander Saltanov, Vice-President of Russian Railways, who was speaking at the BRICS Business Forum now being held at the St. Petersburg International Economic Forum.

International business leaders and government officials discussed the current state of and prospects for trade activities and investment cooperation between the BRICS' countries, which consist of Brazil, Russia, India, China and South Africa.

According to Alexander Saltanov, functioning as part of the Business Council of BRICS block associated with the development of infrastructure will gradually allow cooperation on large joint infrastructure projects.

"We are actively working with our colleagues in China, Brazil, India and South Africa. We hope that in the future we will move to specific projects," said the Vice-President of Russian Railways.

Saltanov also pointed out that a pair of such major projects as the Trans-Eurasian Belt Development and the New Silk Road will integrate a considerable part of the Eurasian infrastructure and accelerate the economic development of the countries participating in their implementation.

"The basis for this cooperation already exists in the form of the International Transport Corridors (ITC). Much of this network passes through Russia. It is now extremely important that we undertake the joint development of these corridors," said Saltanov, adding that that today there was already a history of working together to dispatch container trains from China to Europe.

In addition, the normalisation of the political situation on the Korean Peninsula, in conjunction with the Trans-Siberian Railway, can bring the Trans-Korean Railway into play.

According to Saltanov, opportunities for cooperation will also open up in Brazil, where an ambitious programme for the development of railway transport is underway, as well as in India.

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