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RZD’s investment programme for 2017 to total over 7bln euroseurasiatx

RZD’s investment programme for 2017 to total over 7bln euros

Dec 22, 2016 11:31 am

Russian Railways (RZD) investment programme for 2017 was app[oved at EUR7.2 billion

The board of directors of Russian Railways has approved a RUB459.5 billion (EUR7.2bln) investment programme for 2017, allocating additional RUB17 billion (or EUR267.4mln) on renewal of traction rolling stock through leaseback, reports Kommersant daily on Thursday citing the company’s documents.

Previously, the company’s investments were planned at RUB389 billion (or EUR6.1bln) in 2017 and RUB47 billion (EUR739.4mln) for leasing of traction rolling stock.

Earlier in December, Prime Minister Dmitry Medvedev said that Russian Railways’ capital investments will be increased to RUB470 billion (EUR7.3bln) in 2017.

Last year, Russian Railway’s investment programme reached RUB412 billion (EUR6.4bln)

Source URL: http://eurasiatx.com/rzds-investment-programme-2017-total-7bln-euros/