Company RZhDstroy “(a subsidiary of OAO RZD) and the Austrian Alpine Bau GmbH have established a joint venture with Alpine-RZhDstroy, which will participate in the implementation of infrastructure projects in Russia, Europe and third countries,” the report said Railways.

JV was created with the participation of the President of JSC “RZD” Vladimir Yakunin and the equity owner and chairman of the supervisory board of Alpine Dietmar Alyuty-Oltian, clarifies the company”s announcement.

first projects, which will take part of joint venture, will build the tunnel AlpTransit Brenner Baulos A1 - Grundausryustung in Tyrol and the construction of two tunnels in Sochi, which are the infrasf73tructure for the Olympic Games in 2014. Appropriate memorandums of participation in these projects were signed today in Vienna.

“Cooperation with Alpine means for us new opportunities to manage construction projects using advanced technologies. This experience will be used in the implementation of our infrastructure projects, primarily in the preparation of Sochi for the 2014 Olympics. Partnering with Alpine allow us to enter markets of infrastructure projects in Europe and third countries - said the president of JSC “RZD” Vladimir Yakunin.

Joint Venture Alpine-RZhDstroy “established in the form of a limited liability company with registration in Austria. Representation of the joint venture will open in Russia. The authorized capital of JV is 200 thousand euros. The joint venture will be conducted on an equal footing.

JSC RZhDstroy “engaged in planning and implementation of railway projects in Russia. The company is building ground facilities, so that the activities of the joint venture will not be limited to rail projects, noted in the announcement Railways.
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