State-controlled monopoly Russian Railways has agreed with Chinese and German partners to set up a joint venture to handle container carriage.
Russian Railways president Vladimir Yakunin said, "We have agreed with China’s transport minister to set up a three-party joint venture, in which German partners will also take part, in the field of container shipments."
He said the area from which they expect most business involved container shipments from China’s northeastern provinces, which had no direct access to the sea, across Russia’s Far Eastern ports to China’s south, Japan, South Korea and other countries.
"We also discussed with China’s transport minister the possibility of cooperation to develop the Khasan port-Rajin rail section and the construction of a 160-kilometer track," Yakunin was quoted by Ria Novosti as saying.
The Khasan port-Rajin railway link connects Khasan, a Russian settlement on the border with North Korea, with North Korea’s Rajin port.
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