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2007 September 21   11:18

RZHD intends to increase investments

Russian Railways is going to invest 575bn rub. in the development of the railways till 2015, the company informed.
Over the 2003-2006 period 130bn rub. were invested into the building of the railways to approach the sea ports due to the necessity to provide the terminal processing of cargo.
RZHD was set up on the basis of the communications ministry as a wholly owned government company. The 2006-net profit increased to 26.3bn rub. or 2.7 fold against prior year figures (9.7bn rub). Rosmorport was set up in 2003 to provide the management of the federal owned property in Russian ports. The net profit gained 383.1mln rub. over the 9-month period last year which is 61.3% below prior year.

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