Russia and North Korea co-operate on railway
By Richard High29 April 2008
Under the agreement the two sides have agreed to implement a joint railway pilot project between Khasan, the only Russian settlement on the border with North Korea, and the Rajin-Sonbong Economic Special Zone in North Korea.
The project will also see the reconstruction of the 52 km-long Tumangan to Rajin railway, and construction of a container terminal at Rajin Port.
Under the agreement RZD and Rajin Port will set up a joint venture company in an effort to attract bidders for the project. The joint venture company will operate for 49 years with RZD holding 70% of the stock and North Korea 30%.
No start dates or costs have yet been given.