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Russia invites Japanese companies to invest developing the Far East rail infrastructure

Russia invites Japanese companies to invest in developing the Far East rail infrastructure

Russia-Japan rail freight traffic increased almost nine times in 2015 reaching over half a million tons, stated Russian Railways President, Oleg Belozerov during the “Russia-Japan: business cooperation priorities” plenary session organised on the 29th of February in Tokyo. Rail container transport also increased by 17% and totaled more than 2.4 thousand TEU.

“I believe that our cooperation has significant potential. This is confirmed by the fact that rail freight transport between the two countries in has in general a positive trend in recent years “, Belozerov said. In the field of transport and logistics, Russian Railways already cooperates with Toyota, Mazda, Mitsubishi, Subaru and aims to attract additional cargo from other representatives of the Japanese industry.

Oleg Belozerov also noted that Russian Railways is developing the rail infrastructure of Siberia and the Far East, modernizing of Baikal-Amur Main Line (BAM) and Trans-Siberian Railway, and ensuring the development of rail connections to the Far East ports. According to Belozerov, the work on the formation of a single transport area in Russia requires both public and private investment: “We are interested in attracting investments from Japan for the development of transport infrastructure, particularly in the Far East. First of all, we propose investments in projects that focus on the development of terminal & logistics infrastructure”. 

Russian Railways also  focuses on developing “door to door” freight transportation services. “Baikal Shuttle” is a new service for transporting freight from Japan and Asian countries from the port of Yokohama to Moscow, focusing on a clear frequency and accuracy of delivery time. The new service will shorten the transport time of containerized cargo from Yokohama Port to Moscow from 42 to 25 days.

Japanese companies were also invited to consider cooperation in the area of high speed railways, informs TASS. “Experience of Japanese colleagues in the field of construction and operation of high-speed rail lines is important for us. We invite Japan’s companies to consider an opportunity of cooperating in this promising area for us,” Belozerov said.

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