The President of Russian Railways Oleg Belozerov and the CEO of China Yingkou Port Group Lee Hechzhun signed a cooperation agreement on logistics cooperation. Under the agreement, the parties will contribute to the active implementation of the project to create an international terminal and logistics centre (TLC) on the basis of TLC Bely Rast LLC.
To achieve this, it is envisaged that China Yingkou Port Group Corporation will acquire 49% of the share capital of TLC Bely Rast LLC on the basis of an open competition.
The two sides regard each other as strategic partners and have expressed an interest in establishing a basis for cooperation on the joint development and management of logistics centres and international multimodal transportation.
According to the parties, the agreement is a further step towards the creation of an efficient international transport and logistics corridor, an increase in freight flows between China and Russia and the rest of Europe, a rise in productivity and greater efficiency at the companies engaged in international transport and logistics projects, as well as cross-border e-commerce to create new business opportunities and the joint development and exploitation of the market potential in Europe and Asia.
The project to develop the railway infrastructure of the Bely Rast station and terminal and logistics centre is being implemented in accordance with the “Railway Transport Development Strategy in the Russian Federation to 2030.” The aim of this project is to create a network of terminal and logistics centres and meet transportation needs, as well as to deliver terminal, logistics and associated services.
Razvitie TLC LLC, whose sole shareholder is Russian Railways, currently owns 100% of Bely Rast LLC, that is a 100% subsidiary company of OJSC Russian Railways and was set up to construct a new generation transoprt and logistics complex at a 180 ha. site near the village of Bely Rast in the Dmitrov District of Moscow Oblast.
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