RZHD to invest in St.Petersburg-based objects

Russian Railways (RZHD) in 2007 is going to invest 17bn rub. in the development of the railway objects in St.Pb., the company informed.
The funds will be used to reconstruct the bridges across Obvodnoy Channel and building of the overpass; the freight yard will be transferred to Shushary.
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)