PJSC Ukrzaliznytsia, Georgian Railway and CJSC Azerbaijan Railways have signed a memorandum of cooperation on the joint operation of a permanent rail-ferry service for the development of freight traffic along the EU-Ukraine-Black Sea-Georgia-Azerbaijan-Caspian Sea-Asian region states route using ferries of PJSC Ukrzaliznytsia.

According to the press service of Ukrzaliznytsia, the memorandum was signed during the second International High-Level Transport Conference "Integrated Europe-Asia Transport Corridors" by Ukrzaliznytsia Head Yevhen Kravtsov, Azerbaijan Railways CEO Javid Gurbanov and Georgian Railway CEO Mamuka Bakhtadze.

The memorandum provides for the creation of a joint venture for operating Ukrzaliznytsia ferries for the development of the Baltic Sea-Black Sea-Caspian Sea route.

"Partnership with our colleagues from Georgia opens new prospects for the implementation of this project. To ensure competitive transportation it is necessary to create not only a modern system of rail freight transportation but also organize complex work with the use of ferry service and establish close cooperation between the railways. The creation of a joint venture will facilitate ferry operation," Kravtsov said.