Russia set up $2bn container operator

Russia, Belarus, and Kazakhstan have agreed to form a $2bn logistics operator on a parity basis, a railroad industry source said.

Each country is expected to contribute container cars and terminals. Russian Railways could provide a 50% plus one share stake in its container transportation operator TransContainer, Belarus and Kazakhstan will pay for their shares with assets and cash if necessary.

Kazakhstan’s national railroad operator KTZ is expected to contribute its 100% interest in container operator Kaztransservis and a 33% interest in logistics company Kedentransservis (KTS). TransContainer owns the remainder of shares in KTS.

Belarus is expected to make available its Brest-based terminal and about 3,000 fitting platforms.

Source : www.rbcnews.com

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