Russian railways

JV RZD/Stinnes AG under Сonsideration.

In June 2007 the parties signed an agreement on the setting-up of JV to work in the sector of the carriages and logistics and provision of proper transportation between the Western Europe and CIS. It is founded at par (50%:50%). The initial capital is expected to reach 1mln euro.

The founders involve as well Transcontainer having 20%, JV Kombiverkehr and Polzug.

The foundation of the new company is included into the strategy aimed to build the integrated logistic system to attract extra transportation from the Western Europe and China, AK&M reports.