RZHD investment into development up 20% in Q1 07, y-o-y
Russian Railways OJSC (RZHD) invested more then 29 bln rub in development in Jan-Mar 2007 that is 20% more y-o-y, said in the company's announcement.
The investment program includes works on the following projects: Kuzbass - Azovo- Chernomorsky transport hub, Kuzbass - Far East transport hub, Kuzbass - North-West, oil transportation to China, building and reconstruction of artificial buildings, complex reconstruction of Mga - Gatchina -Veimarn - Ivangorod track section, and railways, leading to the ports of Gulf of Finland.
Also 35 locomotives, 3 thd freight cars, 175 passenger cars, 138 multiple-unit cars were set in operation.
RZHD was set up in Oct. 2003 on the basis of the communications ministry. 100% are held by the government. The 2006-net profit rose to 26.3bn rub. or 2.7 fold against prior year figures (RAS). In 2006 RZHD carried 1.352 bln passengers that is 2.5% more y-o-y.
RZHD ranks 3 in the list of Russian Leading Companies by the results of 2005, published by AK&M in Sept 2006.
The investment program includes works on the following projects: Kuzbass - Azovo- Chernomorsky transport hub, Kuzbass - Far East transport hub, Kuzbass - North-West, oil transportation to China, building and reconstruction of artificial buildings, complex reconstruction of Mga - Gatchina -Veimarn - Ivangorod track section, and railways, leading to the ports of Gulf of Finland.
Also 35 locomotives, 3 thd freight cars, 175 passenger cars, 138 multiple-unit cars were set in operation.
RZHD was set up in Oct. 2003 on the basis of the communications ministry. 100% are held by the government. The 2006-net profit rose to 26.3bn rub. or 2.7 fold against prior year figures (RAS). In 2006 RZHD carried 1.352 bln passengers that is 2.5% more y-o-y.
RZHD ranks 3 in the list of Russian Leading Companies by the results of 2005, published by AK&M in Sept 2006.