OREANDA-NEWS. October 10, 2011. Vladimir Yakunin, the President of Russian Railways, held a conference call on the Company’s performance during the first nine months of this year, reported the press-centre of RZD.

"Russian Railways is looking at the possibility of increasing the Company’s 2011 investment programme to 413 billion roubles, based on the results of the first nine months of this year. Initially, the Company approved an investment budget of 349 billion roubles for the current year," said Vladimir Yakunin.

According to Yakunin, the 64-billion rouble increase in investment was made possible primarily due to the range of measures the Company implemented to reduce costs and increase efficiency at Russian Railways.

Additional funds of 20 billion roubles will be invested in implementing Olympic projects, 15 billion roubles in upgrading traction and railcar rolling stock, 4 billion roubles in implementing measures to protect rail infrastructure from acts of unlawful interference, more than 4 billion roubles in intermodal transport on the routes between Vladivostok – Kievichi and from Kazan railway station to Kazan International Airport , 3.3 billion roubles in rail passenger traffic on the Small Moscow Railway Ring and about 6 billion roubles in the acquisition and modernisation of track equipment and small machines and other miscellaneous equipment.

"We have already prepared the necessary documents so that the Board of Directors can consider these issues," said Vladimir Yakunin.

During the first nine months of this year, the Company’s investment budget amounted to a total of 225.5 billion roubles.