RZD Logistics still has no plans to form JV with Kazakhstan Railways - source
MOSCOW. Feb 14 (Interfax) - OJSC RZD Logistics (RZDL), a subsidiary of OJSC Russian Railways (RZD), has no plans so far to form a joint venture (JV) with national company Kazakhstan Temir Zholy (Kazakhstan Railways), a source at RZDL told Interfax.
"We have an interest in working with them. A partnership memorandum was signed in November. But we still don't plan to form a JV," the source said.
Kazakhstan Temir Zholy's vice president for logistics, Yerkhat Iskaliyev, earlier told journalists that both companies are working on forming a logistics operator using the Kazakh company as base, which would "operate with RZD Logistics on a parity basis." "As a start, we're forming an alliance on an alliance basis. Later, a JV might be formed," Iskaliyev said, declining to provide further details.
RZD founded RZD Logistics in 2010 as a 100%-owned subsidiary. The company offers a full range of transport and logistics services ("door to door services") thanks to their integration as a single system in the RZD Holding.