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2007 November 15   10:44

Russian Railways Co to invest 250 bln roubles in security

The Investment Programme of the Russian Railways Company is big and impressive: 1,331 billion roubles will be channelled for its implementation. “Outside investments also hit big sums”, Itar-Tass reports.

Besides, nearly 250 billion roubles will be appropriated for security on railways, said on Thursday premier Viktor Zubkov, speaking at the cabinet meeting which examines the reform of the railway sector and the Investment Programme of the company.

According to the premier, the government should, apart from implementing measures on technical retooling of transport, “settle important tasks of security of passenger and freight traffic”. “We are also duty-bound to ensure accessibility of services to people and to raise their quality,” Zubkov noted.

In the premier’s words, all these aspects will be taken into account in streamlining the Investment Programme. He also noted that the Russian president instructed to tackle comprehensively questions of transport infrastructure at a meeting of the State Council presidium in Krasnoyarsk, which discussed these questions.

In compliance with the president’s instructions, Zubkov continued, changes will be also made in the present projects, including those connected with railway traffic to export-oriented ports and organisation of express passenger haulage. “These are mostly railways, connecting Moscow and St. Petersburg, the Leningrad Region and Nizhny Novgorod,” he explained.

Zubkov also noted that the structural reform of railway transport had been launched in 2001. Two stages have been passed since that time, and legislation has been formed. Joint stock companies were set up in the sphere of passenger and freight traffic. “The third stage of the reform was launched in August 2006: it deals with the development of a competitive market and an investment appeal of the industry,” Zubkov stressed.

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