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MOSCOW: September 20, 2017. Russian Railways' president Oleg Belozerov has reported a 6.9 percent increase in rail freight revenue year-on-year for the first eight months of 2017. Total freight volumes rose 3.0 percent in the period to 833.5 million tons.

Russias president Vladimir Putin talks to Russian Railways chairman Oleg BelozerovRussian Railways first vice president Alexander Misharin said freight traffic between Russia and China has increased 19 percent during the first half of 2017 compared to the same period last year with 35.2 million tons of freight carried.

Misharin noted that during the period Russia and China railway companies simplified the procedures for issuing shipping documents, electronic data exchange (EDI) and forming supply chains.

"We see results not only in the development of the ports of the Far East due to the growth in coal and container shipments, but also in the implementation of projects such as Primorye-1 and Primorye-2," said Misharin. "Between Grodekovo and Suifenhe (Primorye-1) for example, we started with three pairs of trains, but we have now reached 14 pairs per day, and the container flow for the first half of this year increased 20 times compared to last year."

In June the two railways signed an EDI-based rail shipping agreement to ensure real-time data transfer in a bid to simplify control procedures at checkpoints and reduce Customs clearance times.

In April Russia, China, Belarus, Germany, Kazakhstan, Poland and Mongolia signed a multilateral agreement to expand cooperation on moving container trains between China and Europe.

The countries' respective rail companies plan to increase the volume of shipments, improve logistics infrastructure and introduce new technologies to reduce travel time.

Meanwhile Russia and India have agreed on a feasibility study for increasing train speeds up to 200 kilometers an hour between Nagpur and Secunderabad based on the experience gained with train services between St. Petersburg and Moscow.

"There is huge potential for cooperation between Russia and India. The implementation of joint projects will bring the most positive results, significantly increase carrying capacity and provide the necessary level of traffic safety," added Misharin.

Pictured: Russia's president Vladimir Putin talks to Russian Railways chairman Oleg Belozerov.

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