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Railways of Belarus, Kazakhstan and Russia sign a shareholder agreement on the terms for participation in UTLC ERA JSC (according to the press service of RZD JSC and UTLC ERA JSC)

On June 4, 2019, a shareholder agreement between the railways of Belarus, Kazakhstan and Russia was signed in Moscow on the terms of participation in the “Joint Transport and Logistics Company - Eurasian Rail Alliance” JSC (UTLC ERA JSC).

This was the final stage of the reorganisation of the United Transport and Logistics Company. The shareholder agreement establishes the intention of the three railways to continue the integration of railway transit traffic through the territory of the Eurasian Economic Union (EAEU), regulates the rights and obliga­tions of the involved parties in relation to the block of shares of the Company. All the three shareholders hold an equal share of participatory interests - 33.33% each.

The document was signed by Vladimir Morozov, Head of the Byelorussian Railway, Sauat Mynbayev, Chairman of the Board of the “Kazakstan Temir Zholy NC” JSC and Oleg Belozyerov, General Director and Chairman of the Board of the Russian Railways OJSC.

The “United Transport and Logistics Company” JSC (UTLC JSC) was established on 13 November 2014 by the railway administrations of Russia, Belarus, and Kazakhstan.

The company was founded to provide complete service for the customers in organising container transport in communication China - Europe - China using the 1520-mm railway system from the Kazakhstan-Chinese border to the border between Belarus and the countries of the European Union.

In 2018 the UTLC JSC was restructured into the UTLC ERA JSC in order nto achieve equal shares of the companies - shareholders (33.33% of shares each).

Today, the UTLC ERA JSC is the largest operator playing a major role on the market of container transport by rail in the territory of the Eurasian Economic Union. During the company’s activities, the volumes of container transportation in the China-Europe-China traffic transiting through the Byelorussian Railway increased from 48 thousand in 2015 to 280 thousand TEUs (twenty-foot equivalent unit) in 2018.