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Railroad Ministry and aluminum holding to collaborate

13.09.2002 | Source:



Today, Russian Railroad Minister Gennady Fadeyev and general director ofthe Russian Aluminum company Oleg Deripaska signed an agreement on creatingnew production facilities, which would provide the Railway Ministry withfour million tons of additional cargos. As the press service of the RailwayMinistry reported today, the Ministry is to deliver these cargos accordingto coordinated tariffs.Additionally, the parties discussed the creation of new railroad carriages.Russian Aluminum agreed to invest in producing new carriages so that theRailroad Ministry would not spend its resources for this, and to increaseits orders for cargo delivery. Estimating the activities of the Russianrailroad, Fadeyev pointed out that losses from passenger transportationwould amount to $30bn (about $948.12m) in 2002..


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