OREANDA-NEWS. May 08, 2009. “According to the operational data for 1Q2009, Russian Railways spent 55.7 billion roubles on investment, the equivalent of 22.3% of the annual investment budget,” said Vladimir Yakunin, president of Russian Railways, at the meeting to announce the Company’s results 1Q 2009, reported the press-centre of Russian Railways.

According to Yakunin, the main investment projects implemented included the comprehensive reconstruction of the stretch between Mha - Gatchina - Veymarn - Ivangorod and railway approaches to the ports on the southern shore of the Gulf of Finland, the shipment of oil to China (second stage), the development of the stretch between Tobolsk - Surgut, the construction and reconstruction of facilities, the comprehensive reconstruction of the stretch between Kotelnikovo - Tikhoretskaya - Krimskaya with a bypass of the Krasnodarsk hub and the modernisation of the railway infrastructure on the island of Sakhalin in Russia’s Far East.

“As of the beginning of May, total repairs were made on 1,056 km of track, 26 km more than planned,” said Vladimir Yakunin.