RZD to invest $10 billion in its investment program in 2015
Published: Mon, 2014-12-01 14:21The investment program of RZD for 2015 will exceed 400 billion rubles (US$10 billion), according to Russia’s Prime Minister Dmitry Medvedev.
According to him, next year rates for rail cargo transportations will be increased by 10%, while the company will receive 30 billion rubles of subsidies.
It is planned that more than half of the investment program will be formed by state funds.
According to the company, the majority of funds will be invested in the maintenance and development of the already existing railway infrastructure, while another 90 billion rubles on the purchase of new rolling stock.
According to Medvedev, a particular attention will be paid for the development of railway infrastructure, which is important both in terms of development of the Russian economy and export potential. Lack of railway infrastructure according to Dmitry Medvedev, currently remain one of the main problems for Russia.