RZD needs to invest RUR 1.72 trillion within three years

RZD OJSC needs RUR 1.72 trillion within three-years period for construction of new transport facilities, increase of transit corridors’ capacity and renewal of rolling stock, Oleg Toni, vice-president of the company told yesterday at the IV International Conference dedicated to the Transport Services Market: Cooperation and Partnership according to RZD-Partner. Toni said RUR 625 billion to be invested into repair and development of railway infrastructure, RUR 447 billion – into renewal of the rolling stock. However, RZD is short of investment resources: the company’s investments make 74% of needed amount. Thus, it needs RUR 281 billion more. According to Toni this issue is to be solved through implementation of infrastructure projects based on the principles of state-and-private partnership with attraction of investments from big business and Investment Fund of RF.