Russian Railways expects state support from Russia’s Investment Fund to build freight branch lines as part of the high-speed passenger train project between St. Petersburg and Helsinki, according to Oleg Morozov, Vice-President of Russian Railways. Morozov rejected press reports that Russian Railways and Lukoil would build and finance the branch lines jointly, emphasising that the cooperation between the two companies in Russia’s North-Western region was on a completely different project, namely developing railway access lines to the distribution and shipping terminal Lukoil 2 on the island of Vysotsky in Leningrad oblast.

The Ministry of Transportation, Construction and Tourism (MTCT) wants to obtain a 180 million dollar credit from the World Bank for the financing of maintenance projects for road and rail infrastructure, according to Minister Gheorghe Dobre. The credit memorandum was signed on Thursday by MTCT and International Bank for Reconstruction and Development (IBRD) representatives.

Vlissingen - the province of Zeeland plans to relaunch a procedure that it hopes will result in the construction of the Westerschelde Container Terminal (WCT). The terminal is an initiative of the Exploitatiemaatschappij Schelde-Maas (ESM), the partnership between Zeeland Seaports and the Port of Rotterdam Authority. An earlier plan for the container terminal was rejected by the Council of State in 2004.