Russian railways

JSC RZD to Implement Several Investment Projects in Russia's Far East.

At the conference of railway specialists in Khabarovsk last week President of JSC RZD Vladimir Yakunin told about investment projects to be implemented in the Russian Far East. In 2008, RUR2,000,500 thousand will be invested in the reconstruction of the Owne - Vysokogornaya section. Construction of a new railway tunnel in the Komsomolsk-on-Amur - Sovetskaya Gavan section will cost RUR59,900 million in current prices (VAT included). The project aims to increase the throughput of the railway that is used to transport domestic cargoes for the Far East's territories and Sakhalin Island and foreign trade cargoes to and from APR countries as well as transit cargoes. Another important project is the construction of the second phase of the bridge across the Amur River near Khabarovsk. All in all, JSC RZD is planning to invest about RUR113 billion into the development of the Far East's rail infrastructure, of these RUR50 billion - into Transsib's reconstruction and RUR63 billion - into BAM, FIS reports.