Sorainen Belarus advised Russian Railways in connection with creation of the United Transport & Logistics Company (UTLC) together with the national railway companies of Belarus and Kazakhstan for the transport of containerised cargo within the Common Economic Space, including transit between Europe and Asia.
Formation of UTLC is one of the largest projects in the emerging Eurasian Union of Russia, Kazakhstan, and Belarus. UTLC is to invest over USD 6 billion in rolling stock, containers, terminals and IT infrastructure by 2020. This will allow the total cargo turnover of the joint venture with equity investment to reach 4 million twenty-foot equivalent units (TEU) by that year.
The Sorainen team advised Russian Railways on Belarus law-related issues of UTLC corporate structure and arrangements between shareholders, regulatory aspects of Belarusian Railways’ participation in the project, and other regulations relevant to the project. The team was led by partner Maksim Salahub.