The new setup will follow the principles of its parent in utilising an asset light approach with the three shareholders each retaining 33.333% of the new stock. UTLC JSC was the first integrated business within the Eurasian Economic Union, which aimed at achieving a united transport infrastructure between the three rail carriers in the crucial East-West corridor. Alexey Grom, UTLC president, commented:
”The goal of parity achievement in the share capital of UTLC ERA JSC has been achieved. Currently the project is of equal members with united goals and tasks. This approach to business organisation is particularly important for the integration projects implementation, where the final result depends on the level of partnership and cooperative efficiency."
The united aim of the three cargo carriers is to promote the use of intermodal transport, principally the transit of containers by rail, for the benefit of shippers in China, Southeast Asia, and Europe. Several trains already cover an average of over 1,000 kilometres each every day between the European and Chinese borders passing through the three neighbouring countries.
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