RZD-RV, Korea's TIH D&D to cooperate in development of transfer hubs in Russia
MOSCOW. Oct 21 (Interfax) - RZD-Passenger Station Development (RZD-RV) and South Korea's TIH D&D signed a memorandum Friday to cooperate in the development of passenger transfer hubs in Moscow and other regions of Russia, Russian Railways' (RZD) Directorate of Railway Stations (DZV) said.
"The planned amount of investment in each in each transfer hub project in Moscow (Dmitrovskaya, Timiryazevskaya, Vykhino) will be $2.5 billion," DZV said, without specifying if this refers to investment by TIH D&D.
RZD-RV was founded in 2009 on the initiative of DZV to facilitate the modernization and reconstruction of train stations, as well as develop new projects with "network operators" of services. RZD-RV was initially wholly owned by RZD subsidiary Baminvest. In 2011 it was reported that the Blagosostoyanie pension fund acquired about 75% of RZD-RV, however, business daily Vedomosti reported that this stake is owned by Sistema-Service, a company controlled by RZD-RV chief executive Sergei Pak.
Pak is a long-time acquaintance of DZV head Sergei Abramov and his wife Alla Kalashnik. The paper reported Pak as saying that he acquired control of the company after his joint venture with Kalashnik, Integratsiya Svyazi invested about 350 million rubles in security systems at train stations and waited to be paid, but RZD-RV did not have any money in 2011-2012 so he invested his own money in the company and Sistema-Service acquired 74.97% of RZD-RV.
