Russian Railways (RZD) investment plan for 2015 exceeds RUB 400 bn (EUR 6.75 bn), announced Prime Minister Dmitry Medvedev, with half of the amount representing state subsidies. In October, RZD’s Board of Directors has already pre-approved a RUB 389.8 billion investment plan for 2015.
“The money will be invested in modernizing of the railway network, increasing its capacity and improving traffic safety. About RUB 90 billion will be allocated for renewing the rolling stock fleet”, stated Medvedev.
All orders will be addressed to local companies and the priority regions for RZD in 2015 will be Siberia, the Far East and Southern Russia.
Prime Minister also informed that railway freight rates will be increased by 10% next year.