OREANDA-NEWS. September 09, 2010. Russian Railways’ President Vladimir Yakunin spoke about the Company’s investment in the first 8 months of 2010 during a conference call, reported the press-centre of Russian Railways.

"According to the latest data, the actual execution of our investment plan in 2010 in the first 8 months totalled 168.2 billion roubles. We are actively implementing projects for high-speed passenger trains between St. Petersburg and Helsinki and reconstructing the stretch between Komsomolsk-on-Amur and Sovetskaya Gavan, which includes building a new Kuznetsovsky Tunnel, as well as other projects in the investment programme," said Company President Vladimir Yakunin.

Yakunin also said that the growth in cargo shipments eastwards meant the Company had to undertake drastic measures to develop these routes. At present, the Development Programme for the Railway Infrastructure on the Far East route to 2015 is currently being updated.

In addition, the Company increased investment in the development of railway infrastructure on the Far Eastern routes by more than 1.5 billion roubles in the first half of 2010. The money was used to develop and update fixed assets of Far Eastern Railways, including the reconstruction of the stations Yglovaya and Shkotovo, building the Nalda shunting loop, extending the receiver and departure tracks and other activities.