Russian Railways to begin implementing major infrastructure projects in 2018
The investment programme of Russian Railways will amount to nearly 550 billion
roubles in 2018, said Oleg Belozerov, CEO and Chairman of the Board of Russian Railways.
Belozerov was speaking at the final Board meeting of the Company in 2017, which
took place in Moscow on 13 December.
"We will start projects that were conceived many years ago, in particular the construction
of the Northern Latitudinal Railway, which is one of Russia’s largest Arctic
projects, while the logical continuation of the modernisation of Russia’s railway
system in the Far East will be a transport link to the island of Sakhalin," said Oleg
In 2018, Russian Railways will continue work on the development of the Eurasia
High-Speed Main Line and will begin developing a model for the implementation of the
project and its feasibility study with partner countries.
"I want to emphasise that 2018 will be the first year in which we shall implement
the approaches on which the "Long-term Company Development Programme until 2025" is
based. We need to set out our priorities clearly, establish control systems and prepare
the capacity needed so that we can implement our long-term investment programme. We
cannot become a bottleneck in the economy," said the head of Russian Railways.