RZD set to invest heavily in southern ports rail infrastructure
Russian Railways (RZD) is set to inject RUB 240 billion by 2020 in the upgrade and development of rail yards, direct freight rail access to the seaports of the Azov-Black Sea basin, Finam reported.
The figures were voiced by the state-owned monopoly’s First Vice-President Vadim Morozov at a meeting of experts who addressed the issues of Novorossiysk Transportation Node and Taman Peninsula rail infrastructure development.
Morozov said the total investment required for the development of rail infrastructure utilized for hauling freight to / from the ports of the Azov-Black Sea basin, according to the general plan for 2012-2020, exceeds 240 billion rubles. The company has invested in the project about 30 billion rubles.
It was noted that a key element in the region’s rail facilities development is the construction of the Southern Bypass of Krasnodar Transportation Hub. The project will be funded through the federal budget in line with the "Strategy for the Development of Railway Transport of the Russian Federation until 2030."