JSC Russian Railways and the EBRD have agreed to cooperate in the modernization of railway infrastructure

Russian Railways and the European Bank for Reconstruction and Development (EBRD) signed a memorandum of understanding and cooperation in the modernization of the railway and related infrastructure.

This document was signed by Vladimir Yakunin, President of Russian Railways, and Suma Chakrabarti, President of the EBRD, Thursday at the St. Petersburg International Economic Forum.

According to the document, the parties intend to cooperate in the development of high-speed transportation infrastructure, public-private partnership in the modernization of railway stations, and the development of transport and logistics activities.

Russian Railways intends to consider the participation of the EBRD in the financing of these projects.