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2008 April 25   11:08

Eurosib eyes establishing strategic alliance with Russian transport market major players

Eurosib eyes establishing a strategic alliance with the Russian transport market major players. The company is open for the strategic industrial alliances with the large transport market players enabling the company to regulate the work rules on the Russian market, as well as to strengthen its position of the Russian transport business internationally. Eurosib lays emphasis on the importance of the development and support of cooperation with the medium and small transport companies. Eurosib is going to invest USD2.5 billion in the next three years in the development of transport projects including USD600 million approved as investments. The company is going to allocate USD2 billion as total investments with future increase to USD2.5 billion within three years.

Eurosib has completed the second stage of restructuring by developing three company divisions such as

Eurosib SPb - Transportation Systems (rail operator), Eurosib - Logistics (intermodal logistics operator),

Eurosib - Terminal (terminal operator). According to preliminary data, the turnover of Eurosib grew by 33% to USD1 billion in 2007. Transport revenue totaled USD800 million. In 2007, the company invested almost USD124 million including more than USD100 million invested in the transport sector (+19%).

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