Russian Railways and Ferrovie dello Stato Italiane sign cooperation agreement

R-L: Renato Mazzoncini, CEO of Ferrovie dello Stato Italiane and Oleg Belozerov, President of JSC Russian Railways

A memorandum of cooperation has been signed between Russian Railways and Ferrovie dello Stato Italiane for the development of joint projects and modernisation of existing infrastructure.

R-L: Renato Mazzoncini, CEO of Ferrovie dello Stato Italiane and Oleg Belozerov, President of JSC Russian Railways

Oleg Belozerov, President of JSC Russian Railways and Renato Mazzoncini, CEO of Ferrovie dello Stato Italiane S.p.A, signed a memorandum of cooperation in Rome that will develop and implement joint projects in areas such as new rail infrastructure construction and modernisation of existing networks. This in turn will provide international transport and logistics services and products for international freight and passenger traffic.

Better efficiency of the existing rail networks

Futhermore, the memorandum stipulates that the parties shall make the necessary efforts in order to achieve better efficiency of the existing rail networks in the Russian Federation and the Italian Republic, as well as to increase the rail transport competitiveness and operational safety, and to minimize its impact on the environment.

Russian Railways and Ferrovie dello Stato Italiane plan to jointly work over better conditions for attracting extra traffic flows, improving their tariff policies and information systems.

Russian Railways and Ferrovie dello Stato Italiane to promote mutual contacts in the framework of international organisations

The parties have also agreed to promote mutual contacts in the framework of international organisations, including the International Union of Railways, in order to ensure effective cooperation between the 1435-mm and 1520-mm railway systems.

The two parties will work together to develop rapid and high-speed rail transit projects, including programmes within the Russian Federation.

In addition, the agreement covers cooperation in the areas of R&D, technology and innovative development of railways, as well as orchestrating cooperation in third countries’ markets.