BELARUS NEWS AND ANALYSIS

DATE:

18/06/2007

Russia, Germany, Poland, Belarus set up railroad logistics joint venture

The railroad authorities of Russia, Germany, Poland and Belarus have signed a statement forming the Eurasia Rail Logistic joint venture.

The company will optimize cargo traffic between Russia and Western Europe on the Berlin-Warsaw-Minsk-Moscow-Nizhny Novgorod international transport corridor.

The company's charter capital will stand at RUB 1.6 mln. Russian Railroads will have a 40.1% stake in the joint venture, Railion Deutschland will have 34.9%, Polish Railroads will have 15%, and Belarusian Railroads will have 10%.

The joint venture will be registered in Moscow.

Source:

http://gielda.wp.pl/POD,6,a,1,b,1,c,11,index.html?P%5Bnumer%5D=8940435&P%5Bobr%5D=ifx&ticaid=13f2a