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Jan 19, 2016

Heads of Russian and Kazakh Railways agree on common approach for further development of Integrated Transport & Logistics Company

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Heads of Russian and Kazakh Railways agree on common approach for further development of Integrated Transport & Logistics Company_sOleg Belozerov, President of Russian Railways, and Askar Mamin, Chairman and President of Kazakhstan Temir Zholy, met in Moscow on 18 January 2016 to discuss the further development of the Integrated Transport & Logistics Company (ITLC).

The development of the project for the ITLC envisages the formation of a single integrated platform in the Eurasia Economic Union space with the aim of uniting efforts to build the global competitiveness of the Eurasian corridor with optimal customer routes passing through the territory of countries participating in the project.

In this context, the parties emphasised that the ITLC's initial practical results validate the company's business idea as an integrator of container services.

The parties noted that for the successful implementation of the ITLC's business model, it was important to continue harmonising national projects in the field of transport and logistics infrastructure, to provide a guaranteed logistics through service for freight delivery, develop a long-term tariff policy and synchronise the timetables of container trains.

These measures will help the Transport & Logistics Company to respond flexibly to market changes and offer the participants the most competitive logistics product.

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