OREANDA-NEWS The Russian government will provide an additional subsidy for the railway engineering industry so that the adjustment of the Russian Railways investment program does not negatively affect the workload of enterprises, First Deputy Prime Minister Denis Manturov told reporters.

"On behalf of the Prime Minister, I held a meeting with departments, Russian Railways and manufacturers. We have come to an agreement that we will provide an additional subsidy from the government. It will help to align production plans for locomotives in such a way that the adjustment of the Russian Railways investment program does not negatively affect the workload of enterprises. This was agreed upon by the manufacturers, Russian Railways, and the Ministry of Transport," Manturov said.

At the end of December, Russian Railways reported that the company's board of directors had approved the company's investment program for 2025 in the amount of 890.9 billion rubles. The issue of adjusting the investment program and financial plan of Russian Railways for 2024 and their approval for 2025 was submitted to the company's board of Directors on December 26.

Investments in the renewal of rolling stock will amount to 257.2 billion rubles. It is planned to purchase 400 new locomotives and 239 cars of motor-car rolling stock.
The investment program of Russian Railways for 2024, according to the latest announced official data, amounted to a record 1.2 trillion rubles in the company's history.