In 2001, the Russian and North Korean leadership signed the Moscow declaration reflecting the sides’ agreement to create a railway transport corridor linking the North and South of the Korean Peninsula with Russia and Europe.
Russia and North Korea agreed to jointly implement the Khasan-Rajin pilot project that includes reconstruction of the railway and construction of a container terminal at Rajin port.
Russia has invested around US$72 million in the project, and plans to connect Rajin, and the rest of North Korea, to its Trans-Siberian Railway.