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Oct 03, 2018

Russian Railways, Mitsubishi Heavy Industries and Sojitz Corporation ready to cooperate

Russian Railways and the Japanese companies Mitsubishi Heavy Industries and Sojitz Corporation have signed a memorandum of understanding.

The signing took place in Sochi on 2 October 2018 within the framework of the International Transport and Logistics Forum PRO//Movement 1520.

Oleg Belozerov, CEO and Chairman of the Board of Russian Railways, Yoshihiro Shiraiva, Senior Vice President and Head of Europe, the Middle East and Africa at Mitsubishi Heavy Industries, and Noriyaki Kitamura, a company officer at Sojitz Corporation, put their signature to the document.

The parties expressed their willingness to cooperate in developing joint investment opportunities for the development of terminal and logistics infrastructure at Shushary village in the Baltic Sea region and the town of Ussuriysk in Primorsky Krai in Russia’s Far East.

Russian Railways is one of the world’s largest railway companies and transports large volumes of freight and passenger traffic. It enjoys high financial ratings, employs qualified specialists in all areas of railway transport and has a large scientific and technical base and design and construction capacities, as well as considerable experience in international cooperation.

Mitsubishi Heavy Industries is a manufacturing company which supplies optimal equipment and system solutions to various industries around the world.

Sojitz Corporation is a general trading company operating in various industries globally. It has more than fifty years of experience in transportation projects.

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