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Railway companies of Belarus, Russia, Kazakhstan sign agreement

4 Jun

June 4, a shareholder agreement of JSC United Transport and Logistics Company – Eurasian Rail Alliance (UTLC ERA) was signed in Moscow. The document indicates that the railway administrations of Russia, Belarus, and Kazakhstan intend to continue integrating transit transportation by rail in the Eurasian Economic Union. The shareholders hold equal shares (33.33% for each shareholder).

The document was signed by Oleg Belozerov, Chief Executive Officer and Chairman of the Board of Directors of Russian Railways, Vladimir Morozov, Head of Belarusian Railway, Sauat Mynbayev, Chairman of the Board of Kazakhstan Temir Zholy NC JSC.

The United Transport and Logistics Company (UTLC) was established on 13 November 2014 by the railway administrations of Russia, Belarus, and Kazakhstan.

The company was founded to provide complete service for organizing container transportation in China—Europe—China direction using the 1,520mm railway gauge from the Kazakh-Chinese border to the Belarusian-European border.

In 2018 JSC UTLC was reorganized into JSC UTLC ERA.

Today, UTLC ERA is a major player on the market of container transportation by rail in the Eurasian Economic Union. In 2015, 48000 TEUs (twenty-foot equivalent units) were transported by the company between China and Europe via Belarusian Railway, but in 2018 the figure exceeded 280000 TEUs.

 

prepared by the Press Center of BCh

To the list of news 2019 year