OREANDA-NEWS. March 25, 2008. The Scientific and Technical Board of Russian Railways, under the management of President Vladimir Yakunin, has set out priority measures to implement a Programme of Rolling Stock Renewal up to 2012. It is estimated that investment of over 600 billion roubles is needed to upgrade the Company’s rolling stock.

In accordance with decision of the Board, the companies Transmashholding and Sinara Transport Machines will be commissioned to submit to Russian Railways a modernisation programme to harmonise and create new production facilities for the production of rolling stock by June 2008. In doing so, special attention will be paid to the creation and production of main diesel vans in Russia and applying domestic and foreign developments.

Russian Railways will develop a programme for the development of the technical requirements for the newly created rolling stock in agreement with the major manufacturers of railway equipment and ensure the attainment of the highest foreign standards by 2012.

In addition, a method will be considered for determining the cost of the rolling stock, quality requirements of the products supplied agreed and a programme developed for manufacturing modern components, assemblies and components for the creation of new rolling stock, etc.