North Caucasus Railways and Volga Railways to Invest RUR 100 bln
OREANDA-NEWS. October 19, 2007. Investment in rail infrastructure at Russian Railways regional companies North Caucasus Railways and Volga Railways could reach up to 100 billion roubles by 2015.
A joint meeting of the Investment Committee and the Scientific and Technical Council of Russian Railways was held under the chairmanship of Compnay president Vladimir Yakunin.
Two main questions were discussed at the meeting:
plans for the development of infrastructure at the approaches to the ports of the Sea of Azov-Black Sea basin up to 2015;
development of express passenger services between central and south Russia.
The total investment in rail infrastructure at local and trunk approaches to the ports of the Sea of Azov-Black Sea basin and in passenger services and facilities for the 2014 Winter Olympics in Sochi will amount to 330.3 billion roubles by 2015. This figure includes investment by Russian Railways in its regional companies North Caucasus Railways and Volga Railways amounting to 100 billion roubles by 2015.
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