TransGroup intends to ship the cars from Ust Luga
Ust Luga Company, TransGroup AS and RailTransAuto signed an agreement on complex services to provide terminal processing of the cars at Ust Luga Port and following transportation by railway in Russia and CIS, as it was informed.
Within the contract RailTransAuto and TransGroup AS will provide the rolling stock for the shipment of the cars processed at Ust Luga Port and the terminal/customs servicing.
The project should be launched in 2007-2008. By 2010 360th cars are to be processed.
Ust Luga Company is a consumer of Ust Luga Port building which is assumed to become the deepest port in the Baltic and capable to process the dry cargo ships with 75th ton in capacity. The 2007-net profit is assumed to be down 20.2% to come to $4.98mln against prior year when the figures were fixed to reach $6.242mln. RZHD bought back 8.5% of Ust Luga share capital for 184.52mln rub.
TransGroup AS is one of the leading railway operators. Its major holder is Estonian WorldWide Invest. The Company has 25% in Transmashholding.
RailTransAuto is a joint logistic company for the shipment of the cars. It was set up in Jan. 2007 by RZHD and TransGroup AS. The share capital is worth 3.265bn rub. split in 32651633 securities of 100 rub. par. RZHD has 51%, TransGroup AS - 49%.
Within the contract RailTransAuto and TransGroup AS will provide the rolling stock for the shipment of the cars processed at Ust Luga Port and the terminal/customs servicing.
The project should be launched in 2007-2008. By 2010 360th cars are to be processed.
Ust Luga Company is a consumer of Ust Luga Port building which is assumed to become the deepest port in the Baltic and capable to process the dry cargo ships with 75th ton in capacity. The 2007-net profit is assumed to be down 20.2% to come to $4.98mln against prior year when the figures were fixed to reach $6.242mln. RZHD bought back 8.5% of Ust Luga share capital for 184.52mln rub.
TransGroup AS is one of the leading railway operators. Its major holder is Estonian WorldWide Invest. The Company has 25% in Transmashholding.
RailTransAuto is a joint logistic company for the shipment of the cars. It was set up in Jan. 2007 by RZHD and TransGroup AS. The share capital is worth 3.265bn rub. split in 32651633 securities of 100 rub. par. RZHD has 51%, TransGroup AS - 49%.