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Slovenia, Serbia, Croatia Set Up Joint Rail Company Cargo 10

Belgrade, 09 September (STA) - Slovenian, Serbian and Croatian national railway operators established on Thursday a joint company named Cargo 10. The founding protocol was signed in Belgrade by the bosses of the rail operators' cargo departments.

Robert Vuga, who signed the protocol on behalf of Slovenia's Slovenske zeleznice, told the STA that the company's headquarters will be situated in Ljubljana.

According to him, the company will start operating on 1 October with the first train leaving the Ljubljana rail station.

The company will be managed by three directors, each representing individual national rail operator; Vuga will be the director representing Slovenske zeleznice.

Cargo 10 will aim at achieving shorter border procedures along the tenth pan-European cargo corridor going from Austria to the south of the Balkans. According to Vuga, the company will boost the efficiency of transport along the tenth corridor.

He believes there is a lot of potential, as currently 90% of cargo travelling between central and south-eastern Europe is transported along the fourth corridor which bypasses Slovenia, Croatia and Serbia.

Slovenian, Serbian and Croatian railway operators will each hold a third of the joint company and the profit will also be divided among the three of them. Each operator will provide 5% of its trains for Cargo 10 and no major infrastructure investments are planned at the beginning.

The establishment of the company comes less than a week after it was announced by Slovenian Prime Minister Borut Pahor and Serbian President Boris Tadic.

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