Russia Announces RUR555.5bn Rail Investment Plan

3 March 2010 (Last Updated March 3rd, 2010 18:30)

Nearly RUR555.5bn ($18.5bn) will be invested in rail infrastructure development in Russia in 2010–11, Russian Railways (RZD) president Vladimir Yakunin has said. RZD's own investment projects total RUR435.5bn ($14.5bn) forming 78% of the funds, with RUR120bn ($4bn) to be used in b

Nearly RUR555.5bn ($18.5bn) will be invested in rail infrastructure development in Russia in 2010–11, Russian Railways (RZD) president Vladimir Yakunin has said.

RZD's own investment projects total RUR435.5bn ($14.5bn) forming 78% of the funds, with RUR120bn ($4bn) to be used in building a combined road/rail link between Adler and the Alpika-Service mountain resort.

Major projects to be undertaken include constructing five bridges, major repairs on over 20,000km of track including rebuilding 3,200km of track, as well as renewing nearly 800km of overhead lines and 1,700 power switches.

RZD, which plans to focus on rail assets renewal during the period, will also spend nearly RUR72bn ($2.4bn) on buying new rolling stock.