The company has been founded by Russian Railways (contribution is RUB39.694 billion, which accounts for 99.84%), Belarusian Railways and the Kazakh railway operator KTZ (RUB0.032709 billion each and 0.08% respectively). The executive bodies of the company have been formed. The board of directors will include nine executives. Kazakhstan and Belarus got one place each. Piotr Baskakov has been appointed president of United Transport and Logistics Company. Since March 2006 he has been holding the post of the general director of JSC TransContainer (Russia).
As BelTA reported earlier, the national railway companies of Russia, Kazakhstan, and Belarus signed an agreement to set up the United Transport and Logistics Company in June 2013. Russian Railways will make a contribution in the form of shares of TransContainer (50%) and Russian Railways Logistics (100%), Kazakh Railways – the shares of Kaztransservis and Kedentransservis, and Belarusian Railways – its railway terminals in Brest and the assets of its Belintertrans company.
United Transport and Logistics Company shall transport container cargo in the Single Economic Space, including along the transit routes between Europe and Asia. According to the business plan, by 2020 the total cargo turnover of the company will exceed 4 million TEU (twenty-foot equivalent unit). Belarus plans to increase transit container traffic 4.5 times. The processing of containers at the Brest Severnyi station will surge 6.8 times. About $25 million in investments has been earmarked for the development of the terminal and warehouse infrastructure.