VIENNA — Russian Railways and Alpine Bau, Fomento de Construcciones y Contratas’s Austrian unit, have started a joint venture to acquire and run infrastructure projects, RZD chief Vladimir Yakunin said Friday.

The two companies will collaborate on Alpine’s Brenner tunnel project and on two tunnels Russian Railways is building in Sochi, Yakunin said. The companies plan to look for further projects in Russia, Austria and other countries via the joint venture, he said.

(Bloomberg)