Russia set up joint ventures Railway Container Transport

Russia's new network RUSNEWS.CN Beijing December 6 reporter Maria Qiapu Lei Jinna Report: Russia's largest rail container operators - Russian Transport Container Company (TransContainer, Russian Railways subsidiaries), and in the international multi-type iron Services Ltd (CRIMT, China Railway Container Transport Co., Ltd. subsidiary) was established in the field of railway container transportation joint venture. This is the Russian news agency learned from the joint venture operations in Beijing and formally reported back to the ceremony.
The new joint venture between Russia and China will implement the rail transport task. Russia registered capital of 40 million, a 49% stake, China accounted for 51% of shares. The total investment of nearly 200 million U.S. dollars.
Peter, general manager of the Russian transport container Baskakov operators in the formal ceremony, a joint venture, said the company is established in the transport sector with China's first joint venture.
He explained that the joint venture will provide integrated logistics solutions for customers to choose a set of essential services possible.
In accordance with both plans, by 2012, traffic will reach 2 million TEU (20 foot container). He said: "We hope that the annual traffic increase of 15-20%." He pointed out that a joint venture for Russia and China are profitable.