Russia, North Korea to set up JV to update railway

1/28/2008 10:46:07 AM

Russia and North Korea intend to set up a joint venture to update the railway between Khasan and Rajin on the eastern coast of North Korea, the president of the Russian Railways Company, Vladimir Yakunin, said. Yakunin said work on designing estimates for restoration is nearing completion. He said the Russian railway company has coordinated with the North Korean side on the possibility of leasing a terminal in the port of Rajin. CargonewsAsia

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