Russian Railways: economic efficiency of cargo transit across Russia by rail is comparable to that by seaborne transport

Transportation of some transit cargoes across the territory of the Russian Federation by rail is no less profitable now as compared with that by seaborne transport, IAA PortNews correspondent cites Oleg Belozerov, President of Russian Railways, as saying at Saint Petersburg International Economic Forum (SPIEF). 

According to him, cargo delivery speed is an advantage of the rail transport. 

In the nearest time, Russian Railways are going to present a project of a high-speed line allowing for delivery of cargo within the shortest time.  The head of Russian Railways also emphasized that a substantial contribution into the development of transit transportation had been made with introduction of e-declaration and pre-declaration, unification of documentation in different countries. That work is going on. 

Besides, Oleg Belozerov sees prospects in establishment of global railway alliances, similar to those in the maritime sector.