Russia will spend an additional one trillion rubles (10 billion euros) on the Trans-Siberian and Baikal-Amur railway lines. The extra financial injection is part of an infrastructure upgrade plan in Russia’s Far East. On 27 March, Russian Railways and the Russian transport ministry agreed on a framework for upgrades until 2035. The Russian transport ministry,…
Category: China
New freight route connects China and Serbia
A new freight route between China and Serbia has started operating. The route connects the Chinese province of Hebei with Serbia’s capital Belgrade. The train service aims to increase connectivity between Europe and China as part of the Belt and Road Initiative (BRI). Freight trains running on the newly established route will take twenty days…
FESCO signs rail agreements with 5 Chinese logistics companies
Russian logistics company FESCO has signed agreements with five Chinese logistics companies. The agreements, by and large, concern rail freight. FESCO has entered into agreements with five Chinese logistics companies. The Russian company signed an agreement with Weisa International Logistics Group, in which the two companies agree to work together for rail freight optimisation on…