China Rail may become a fourth partner in container transport services provider United Transport and Logistics Company (UTLC). It is possible to consider in future including China Railway, or its subsidiary China Railway Container Transport in the UTLK shareholder agreement, UTLK’s First Vice-President Erzhan Zhakishev said.
Attracting a Chinese partner for the company could be useful for business development and increasing the pace of traffic, but it must be carefully analysed, stated UTLK President Alexey Grom. China Railway is UTLK’s key partner, he noted. The key decisions about the scheme of such cooperation will be taken by the shareholders, Grom also said, adding that the management had submitted proposals to shareholders.
UTLK’s shareholders include RZD (99.8%), Belarusian Railway (0.1%) and Kazakhstan Temir Zholy (0.1%).
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