SUEK and Russian Railways sign agreement

Russian coal company, SUEK, and Russian Railways have signed a cooperation agreement to improve transportation efficiency.

The President of Russian Railways Oleg Belozerov and SUEK’s CEO Vladimir Rashevsky signed the agreement on 17 June at the 20th St Petersburg International Economic Forum. The agreement aims to promote the improvement of coal transportation and freight efficiency on Russian Railways.

According to a SUEK press release, this includes the development of a long-term plan to increase freight flows and capacity at coal export facilities, port railway infrastructure, loading stations and SUEK rail infrastructure.

“SUEK is the country’s largest railway user, accounting for 7.7% of Russian Railways freight in 2015,” said Rashevsky. “The development and implementation of joint projects between Russian Railways and SUEK are crucial to further drive freight efficiency.”

Edited by Jonathan Rowland.

Read the article online at: https://www.worldcoal.com/handling/22062016/suek-and-russian-railways-sign-agreement-2016-1007/