Implementation of international transportation infrastructure construction projects
The start of works on March 25th to build and electrify a second railway track from Pancevo Bridge to Pancevo Main Station in the Republic of Serbia marked a significant milestone in terms of implementing international infrastructure projects and increasing the relevant portfolio of the Russian Railways Group in 2014.
RZD Holding Company earned revenue of RUB 1.7 bln under this contract in 2014.
On October 16th 2014, Russian Railways International LLC and Serbian Railways signed an additional agreement on a project to rebuild three Serbian sections of Pan-European Corridor X and an additional agreement on the supply of diesel trains for suburban transportation.
Another important event during the reporting year was the commissioning on July 18th 2014 of a new transshipment terminal at the Rajin port (DPRK) and the start of regular transit freight shipments via the DPRK with transshipment at the Rajin port.
The opening of the new terminal signalled the completion of the pilot part of the project to rebuild the Trans-Korean Railway Mainline.
In late November 2014, 40,000 tonnes of coal delivered along the rebuilt railway section were transported from the Rajin port by ship to South Korea via maritime transportation.
A study was continued on the Russian Railway Group’s involvement in an infrastructure project in Indonesia. The project envisages the construction of a special purpose railway and related infrastructure for the transportation of coal to the island of Kalimantan.
Representatives of Russian Railways, Vietnam Railways and the Vietnamese company An Vien completed developing the framework for the construction of a railway line in southern Vietnam, which has been submitted to the Vietnamese Government for consideration.
In addition, studies were conducted in 2014 on the Russian Railway Group’s participation in the comprehensive development of the railway sector in Ecuador as well as construction tenders in Brazil.