A tripartite memorandum of understanding was signed in Yerevan on January 24 concerning the construction of the Southern Armenia Railway, which will form part of a new north-south corridor linking the Black Sea and the Persian Gulf.
RUSSIAN Railways (RZD) has completed the acquisition of 75% of the shares freight logistics operator Gefco from PSA Peugeot Citroën for €800m. PSA Peugeot Citroën will retain its remaining 25% holding in Gefco.
MR Vladimir Yakunin, president of Russian Railways (RZD), was unanimously elected as president of the International Union of Railways (UIC) at a ceremony held in Paris yesterday.
INDEPENDENT Transport Company (ITC) is set to complete its takeover of Freight One after the board of Russian Railways (RZD) approved the sale of its remaining 25% plus one shareholding in the company.
RUSSIAN Railways (RZD) has signed a letter of intent with Ural Locomotives (UL), the joint venture of Sinara Group and Siemens with RZD concerning contracts to supply 675 electric freight locomotives between 2016 and 2020.
AFTER achieving efficiency savings across it operations and revamping its internal loan policy, Russian Railways (RZD) has added Roubles 64bn ($US 2.04bn) to its 2012 investment programme which now totals Roubles 492.2bn.
RUSSIAN Railways (RZD) will step up its fleet modernisation programme next year by spending a record Roubles 85bn ($US 2.7bn) on new locomotives, transport minister Mr Maksim Sokolov confirmed on November 8.
THE first container train with a CIM/SMGS common consignment note was despatched by Russian Railways Logistics (RZDL) in cooperation with its Chinese subsidiary YuXinOu Logistics on October 31.
RUSSIAN Railways (RZD) announced on October 16 that it has concluded negotiations with potential buyers of a 25% plus one share stake in its former subsidiary Freight One, with Independent Transport Company (ITC) submitting the best binding offer.
INTEREST was high in Linsinger's MG31 milling machine at InnoTrans which was on display for the first time at the outside track area.