OREANDA-NEWS. During a video conference today on April’s results, Vladimir Yakunin, President of Russian Railways, spoke about the Company’s investment programme.

“Since the beginning of the year, capital expenditure is over 46 billion roubles, which is 25% more that during the same period last year,” said Yakunin.

According to Yakunin, the Company’s investment projects are being implemented rapidly: the Kuzbass - Sea of Azov and Black Sea transport hub; shipping oil to China; the construction and reconstruction of facilities; the switch to alternating current on the section between Mineralnyi Vody and Kislovodsk; the full reconstruction of the section between Mga - Gatchina - Veimarn - Ivangorod; and the rail approaches to ports on southern bank of the Gulf of Finland. The programme to renew the rolling stock is going full steam ahead. The first four months of the year have already accounted for 45% of the total volume for the year.