Kazakhstan, Astana, June 2 / Trend A.Maratov /
A subsidiary of Kazakhstan's Temir Zholy National Railways Operator Kaztemirtrans and Rusagrotrans signed an agreement to establish a JV for joint grain transport, the Kazakh company reported.
The company reported that the JV, with a capital of $90 million, will be established on a parity basis. The railway car fleet will make up 10,000 railway cars.
A key prerequisite for establishing a JV is an organization of the Customs Union, which greatly simplifies the process of moving consignments such as grain cargoes. The possibility of consolidation of the participating countries' car fleets will create conditions for a Customs Union to improve the efficiency of transport logistics.
Kazakhstan is a major grain producer and among the top ten world exporters of wheat. However, Kazakhstan's export potential is limited to a deficit of car parks.
"So when the current needs of the car fleet are 8,700 units during peak traffic periods, Kaztemirtran owns about 5,200 units which are idle during the transport recession period. During this idle time, grain wagons can be used for the transportation of interchangeable goods in Russia and Kazakhstan," he said.