Baltic States – CIS, Latvia, Railways, Transport

Vladimir Yakunin.

“The fact that we are given a task to organize this meeting and it will take place in Latvia should be regarded as an acknowledgment that we can organize such a high level event, and also a chance to present Latvia and its business advantages to our cooperation partners. Thus we have a huge honor and a big responsibility,” said Chairman of the Board of SJSC Latvijas dzelzceļš (LDz) Uģis Magonis.

 

During these days it is planned to sign a cooperation agreement between LDz and Russian railways on organization of rail transportation.

 

The Council brings together seventeen railway administrations of 1520mm railway area with an aim to coordinate railway transport operation in the territory of these countries. Within the framework of the Council the members agree on the use of common wagon and container yard, organization of international transportation, train traffic safety; approve systems for mutual payments of railway administrations on transportation, the use and repairs of rolling stock; as well as define economic responsibility of railway administrations on infringement and methods of dispute settlement procedure between railway administrations.