United Grain Company and Rusagrotrans adjusted and signed the agreement on strategic partnership to start joint work on several projects aimed at the modernization of the industry. The agreement envisages development of strategic documents of the industry development: a concept of transport logistic grain sector development and development of grain transport corridors. The agreement defines the volume of funds to be invested into the development projects and mechanisms of raising investments, including public private partnership. In order to increase the volume of grain export up to 40 million tons annually it is necessary to invest al least 100 billion rubles into the infrastructure development before 2015, including both public and private investments. (USD1 = RUB29.3441)

• Source: Russian Transport Daily Report