Category: joint venture

RCG’s new Serbian subsidiary to start operations in “the upcoming months”

ÖBB’s cargo subsidiary Rail Cargo Group (RCG) is creating a joint venture with Serbian logistics company Transfera. The enterprise will be headquartered in Belgrade and initially focus on intermodal transport. RCG and Transfera, a Serbian company that organises transportation across various modalities, have signed a partnership agreement for the establishment of a joint venture. Together,…

Kazakhstan, China and Russia building transport hub near Moscow

Kazakhstan, China and Russia have started building a joint transport hub. The hub will be built at the Selyatino station in Russia’s Moscow region. The hub is supposed to improve transport links between Russia and the Kazakh-Chinese terminal in Xi’an, China. Earlier this year, the Russian firm Slavtrans signed a memorandum of understanding with Kazakh…

CKU line to cost Kyrgyzstan 8 billion dollars

Kyrgyzstan will need to spend 8 billion dollars on the China-Kyrgyzstan-Uzbekistan (CKU) rail line. Funding is the main obstacle to the construction of the route. Kyrgyzstan has not yet been able to find enough money to complete its part of the route. Akylbek Zhaparov, the head of the Kyrgyz cabinet of ministers, provided an update…

Uzbekistan wants a joint venture with China and Kyrgyzstan for CKU line

Uzbekistan has proposed a joint venture with China and Kyrgyzstan for the construction of the China-Kyrgyzstan-Uzbekistan (CKU) line. The joint venture, which can also count on the support of China and Kyrgyzstan, would also become the manager of the line. Work on the line is supposed to start this year. The China-Kyrgyzstan-Uzbekistan line is one […]