Russia & India to ink MoU for rail cargo traffic
Russian rail monopoly RZD and Indian Railways will sign a memorandum to set up a joint operator of rail cargo traffic via the North-South corridor, informed Alexander Misharin, First Deputy Director General, RZD. He named traffic via the North-South corridor among the priorities for cooperation between the two companies. “We plan to sign a memorandum of agreement on developing cooperation with Indian Railways, which includes design and supply of dispatch control systems, automated systems, creating a joint operator, as well as study and preparation of documents to organise joint agreements on cargo traffic,” he said. The North-South international transport corridor is aimed at transporting cargo from India and Persian Gulf countries to western and northern Europe via Iran, Azerbaijan, and Russia. The corridor’s main advantage is that delivery will be two or three times faster than it is via other routes. Initially, the plan is to transport five million tonnes annually and then double the volume.