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Russian Government approved the Integrated Transport and Logistics Company

The Russian Government approved by decree the creation of the Integrated Transport and Logistics Company (OTLK). The document confirms that Russian Railways will give 50% plus 2 shares of JSC TransContainer and 100% minus 1 share of Russian Railways Logistics as a contribution to the charter capital of OTLK. Russian Railways will provide additional funds of almost USD 1.7 billion over 7 years for infrastructure alone.

OTLK was created at the initiative of the railways of Russia, Kazakhstan, and Belarus as part of framework of integrating the three countries on the basis of the Common Economic Space and Customs Union. The creation of OTLK was to ensure the development of the transport and logistics infrastructure of the three countries on the basis of uniform principles of pricing policy, the mutual use of rolling stock, the introduction of a single technology and standards of transport and logistics services in the territory of the CES, and the timing of investment in the development of the railway infrastructure of the three countries. This will create a transport platform for other large-scale economic projects. 

Belarus will transfer Belintertrans, which consolidates container assets in Belarus. From Kazakhstan, Kedentransservice and Kaztransservice will be transferred to OTLK. This will make it possible to control key entry points to regions using 1520-mm-gauge rail: Dostyk, Altynkol, and Brest; the network scale and size of the rolling stock; and the required level of basic logistics competencies.

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