Railion and Green Cargo set up JV
Railion and Swedish rail freight company, Green Cargo, are to establish a joint venture company, with the intention of speeding up cross-border services.
According to a joint Letter of Intent, Green Cargo will acquire a significant shareholding in Railion Danmark.
The quality of services provided on the Swedish-German corridor is set to improve when the whole operation is managed by one company.
The joint company is to deploy more multi-system locomotives in the mid-term, in addition to the multi-system locomotives currently in service.
Railion is thus in the process of equipping up to 23 multi-frequency locomotives with the appropriate automated train security systems for Scandinavia. This will ensure that trains can travel through Sweden, Denmark and Germany without having to change locomotives at the borders.
Railion CEO Klaus Kremper said: “We are sending a clear signal to the market. The entire Scandinavian corridor can now be served by a single company. And to this end, the partners of the three countries will be making substantial investments.”
Green Cargo and DB Logistics signed an extensive co-operation agreement in October 2005, with the goal being to meet the needs of the market and to generate new rail transport business through closer collaboration in the operation of rail freight products and more effective use of resources on cross-border rail freight services.
According to a joint Letter of Intent, Green Cargo will acquire a significant shareholding in Railion Danmark.
The quality of services provided on the Swedish-German corridor is set to improve when the whole operation is managed by one company.
The joint company is to deploy more multi-system locomotives in the mid-term, in addition to the multi-system locomotives currently in service.
Railion is thus in the process of equipping up to 23 multi-frequency locomotives with the appropriate automated train security systems for Scandinavia. This will ensure that trains can travel through Sweden, Denmark and Germany without having to change locomotives at the borders.
Railion CEO Klaus Kremper said: “We are sending a clear signal to the market. The entire Scandinavian corridor can now be served by a single company. And to this end, the partners of the three countries will be making substantial investments.”
Green Cargo and DB Logistics signed an extensive co-operation agreement in October 2005, with the goal being to meet the needs of the market and to generate new rail transport business through closer collaboration in the operation of rail freight products and more effective use of resources on cross-border rail freight services.
