September 07, 2008

RZD to increase CAPEX in 2008 for Eastern Siberia network

FIS reported that in 2008 capital investments allocated by RZhD OJSC for the Eastern Siberia Railway will grow by 30% from those in 2007. These funds would be used to implement dedicated investment projects, projects of legal entities and to renew the rolling stock.

As per report RUB 2.8 billion will be invested into the development and modernization of infrastructure of the Kuzbass Far Eastern transport node route including the construction and reconstruction of artificial installations along the main and northern routes into automation of overhaul processes and implementation of resource saving technologies. RUB 4.6 billion will be invested into the renewal of the rolling stock.