Russian Railways plans to boost investment next year by about 20 percent, to 240 billion rubles ($9 billion), focusing on export routes in northern Russia, RZD-Partner reports.
The company "has to increase freight turnover by 3.5 percent and passenger numbers by 2.7 percent in line with macroeconomic forecasts, which should come from more efficient use of rolling stock and investment,'' Vladimir Yakunin, the state-owned railroad monopoly's CEO, said in a statement Monday The Moscow Times reports, referring to Bloomberg.
The company "has to increase freight turnover by 3.5 percent and passenger numbers by 2.7 percent in line with macroeconomic forecasts, which should come from more efficient use of rolling stock and investment,'' Vladimir Yakunin, the state-owned railroad monopoly's CEO, said in a statement Monday The Moscow Times reports, referring to Bloomberg.