On 12 September 2011, during Prime Minister David Cameron’s visit to Moscow, Russian Railways and the Government of the United Kingdom signed a Memorandum of Understanding.
The document was signed by Vladimir Yakunin, President of Russian Railways, and Lord Green, Britain’s Minister for Trade and Investment.
The signatories to the memorandum intend to cooperate on modernisation projects at Russian railway stations as transport hubs with advanced social and business functions.
Railway stations in Saint-Petersburg, Tver and Rostov, as well as Yaroslavl-Main and Yaroslavl-Moscow, have been selected as pilot projects.
Construction work is scheduled for completion in 2013-2015.
Cooperation is aimed at developing and strengthening the ties between Russian Railways and British companies and supporting and encouraging joint partnership programmes.
Priority areas for Russian-British cooperation include the joint preparation of construction documentation and the financing of railway station modernisation projects.
The parties will also exchange information with a view to attracting the latest British experience and encourage foreign investment in the Russian railway sector.