Production of paired coaches approved
RZD expands China-Europe rail freight services with new routes
Road-rail shunter delivered
Sakhalin diesel railcars outshopped
Sakhalin regauging makes progress
[RU] More Sapsan: RZD orders 13 additional Siemens high speed trains
Lifted Russian ban on EU transit: big advantage with many questions
Moscow Sheremetyevo airport rail link expansion underway
Rail traffic through Kaliningrad region could reach 1 million TEU
Tipping wagons expand UWC range
RTC says the shareholders intend to continue to implement the company’s current development strategy, which is aimed at maintaining a leading position in specific transport segments such as grain transport using specialised equipment.
The company has capitalised on the growth of Russia’s grain production and export market over the past 10 years, and is now one of the largest carriers of export grain in the country.
RTC Group currently operates 68,000 wagons, including hopper, gondola, timber, flat and tank wagons.
Modernising the existing grain logistics infrastructure is one of the priority strategic tasks of RTC Group, as rail currently carries about 50% of grain to deep-sea ports, and is also the most effective way to transport grain from remote regions of Russia.
The development of domestic transport infrastructure, the reduction of market volatility and the provision of high-quality and reliable services for specialised Russian enterprises are also important strategic objectives for the group.
RTK Group and VTB Group intend to continue the development of other business segments, including the transport of timber, bulk cargoes and mineral fertilisers.
The Russian government is the largest shareholder in VTB, at 60%, and as of December 31 2018, the group was the second largest financial group in Russia in terms of assets, at Roubles 14.76 trillion ($US 271.4bn), and customer accounts, at Roubles 10.403 trillion.
The post VTB Bank acquires majority stake in Rustranscom appeared first on International Railway Journal.
This article first appeared on www.railjournal.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.