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Mar 07, 2018

Russian Railways to adjust its investment projects before the end of the first half of 2018

Oleg Belozerov, CEO and Chairman of the Board of OJSC Russian Railways, has held a conference call on the Company's performance in February 2018.

The Company head dealt separately with the new tasks outlined in the State of the Union address of Russian President Vladimir Putin to the Federal Assembly.

"We need to check all our strategic documents and major investment projects, compare the figures and trends with those stated by the President of Russia, and make appropriate adjustments. This is major, serious work that must be carried out in a short period, by the end of the first half of the year," said the head of the Company.

Analysing the Company’s performance indicators, Oleg Belozerov noted that in January-February 2018, freight tariff turnover increased by 4.8%, and by 4.1% compared to the corresponding period of the previous year after taking into account the empty wagon runs of privately-owned wagons. Over 203 million tons of cargo were loaded, which is 3.7% higher than during January-February 2017.

In January-February, passenger traffic on the infrastructure of Russian Railways increased by 3.7% compared to the same two months in 2017. Passenger numbers increased by 5.1% compared to the same period last year.

The head of the Company also focused the attention of the rail network on ensuring transport safety during the preparation and holding of the 2018 World Cup, stressing that the event should go off flawlessly.

At the conclusion of the conference call, Oleg Belozerov congratulated all female employees on the upcoming holiday, International Women's Day.

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