OREANDA-NEWS. October 21, 2011. Vladimir Yakunin, who in addition to being the President of Russian Railways, is also the Chairman of the Council for Rail Transport of CIS States (CRT CIS), presented a concept for the strategic development of railway transport in the CIS member states until 2020 at a meeting of the council of CIS heads of government, reported the press-centre of Russian Railways.

The purpose of the concept is to develop common approaches to the definition of strategic priorities for the development of railways in the CIS states and the formation of the market for transport services in the field of rail transport.

According to Yakunin, implementation of the concept over the next 10 years will allow for the coordinated development of railway transport across the 1520mm broad gauge railway space and ensure a higher level and quality of services, further growth in the volume of passenger and freight traffic, increased revenues for transport companies.

This will in turn lead to increased profits, improved working conditions in the rail industry, increased safety and an improvement in the environmental performance of the railways.

This is the second such document. The first was produced 7 years ago and contained the main areas for cooperation, which were on the whole successfully implemented.