Deutsche Bahn and Georgian Railway signed an agreement on the development of joint projects in the rail freight sector which will strengthen the European and Asian multimodal transport corridors.
The newly-formed partnership will foster the mutual support between the companies in multiple ways, including the exchange of resources such as knowledge, expertise, information as well as employees.
“This strategic alliance is mutually beneficial and marks a cornerstone. Maintaining close ties with Georgian Railway will help us to further grow our business as it puts us closer to the Asian market and opens up new perspectives for future endeavors”, said Alexander Doll, Member of the Board of Management for Freight Transport and Logistics at Deutsche Bahn.
Under the agreement, Deutsche Bahn will organise rail freight transport services within the EU with multimodal services being provided by DB Schenker. Georgian Railway will be responsible for cargo transport services with the destination Middle East and India, coming from Constanta and passing through Georgia and Azerbaijan, as well as for transports to East Asia via the Caspian Sea.
“Georgian Railway is very active in developing Europe-Asia corridors. Together with DB we are going to team up and foster international freight transport and offer competitive products. This certainly will benefit us and increase competitiveness of Georgian logistics market,” David Peradze, CEO of Georgian Railway said.