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Thursday, 17.01.2019, 09:17
Estonia's EVR Cargo to invest EUR 35 mln in freight cars
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"Wagon rental is a growing business trend which we have
been more engaged in since last summer. We have increased the income from wagon
rental by 157 %. In our estimation the positive trend will continue, therefore
we consider investing in wagons reasonable and plan to continue with it,"
CEO Raul Toomsalu said.
EVR Cargo is to
buy the wagons directly from two Russian factories, while previously such
purchases have been made through brokers. According to plans, the first wagons
are to reach EVR Cargo already at the
end of June and the last ones in August.
If the deal goes according to plans, the company will start
realizing the second stage of the investment plan, Toomsalu said.
EVR Cargo is
planning to rent out the container platforms to major international customers
who service the cargo carriage between China and Europe. The open wagons are to
be rented out for carrying bulk goods on the growing Russian domestic market.
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