Railways enter into joint venture for rail transport between China and Europe

Budapest. Rail Cargo Hungaria, CER Cargo Holding and RZDL Europe have launched a joint venture that is to play a key role in future rail transport on the New Silk Road. Representatives from Rail Cargo Hungaria, a subsidiary of the ÖBB-Rail Cargo Group, the Hungarian CER Cargo Holding and from RZDL Europe, the freight subsidiary of the Russian state railways, have signed a letter of intent to start the joint venture.

By joining forces, they want to strengthen the connection between China and Europe. The land bridge between Europe and Asia is seen by the signatories as of enormous importance for the connection of the economic areas. With the support of politics, they have concluded a future-oriented alliance that will make rail transport on the New Silk Road more attractive for higher freight volumes, according to a broadcast.

Strengthening the corridor through Kazakhstan and Ukraine

Together, the three partners want to develop a corridor that should offer a number of advantages for customers. The establishment of a Eurasian corridor between the Chinese-Kazakh border in Dostyk and the Hungarian-Ukrainian border in Záhony includes the organization of cooperation in production, procurement and sales. The route via Ukraine and Hungary will be converted into a second main axis, which means additional capacity, fast transport times and efficient redistribution in Europe. (ms)

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