Russian Railways to increase rail investment

Russian Railways has unveiled plans to increase its investment to RUB413bn ($12.7bn) against the original plan of RUB349bn ($10.8bn) pledged earlier this year.

The state-owned rail operator will invest RUB20bn ($620m) in Olympic projects, RUB15bn ($465m) in upgrading traction and railcar rolling stock, and RUB4bn ($124m) in implementing measures to protect rail infrastructure from acts of unlawful interference.

More than RUB4bn ($124m) will be invested in intermodal transport on the routes between Vladivostok and Kievichi and from Kazan railway station to Kazan International Airport, and RUB3.3bn ($102m) in rail passenger traffic on the small Moscow railway ring.

The company will invest RUB6bn ($186m) in the acquisition and modernisation of track equipment, small machines and other miscellaneous equipment.