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Russian Railways reconstructs a railway in North Korea
25.04.2008 15:24
Russian Railways reconstructs a railway in North Korea

Yesterday the president of Russian Railways and the Minister of North Korean railways signed a memorandum of cooperation. The parties agreed to conjointly implement the pilot project Hasan-Rajin including reconstruction of Tumangan-Rajin Railway section, construction of a container terminal in the port of Rajin and its following operation.
      To implement the project the parties signed a contact stating Russian Railways and Rajin Port set up a joint venture. The new JV will focus on attracting investments to the project, attracting contractors to conduct project and construction works on reconstruction of the Tumangan-Rajin railway section (52 kilometers) and construction of the container terminal in Rajin port.


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