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MOSCOW, April 4 (Itar-Tass) —— Russian Railways Company’s investment budget in 2012 will amount to 428.4 billion roubles, the company’s CEO Vladimir Yakunin said.
This is 8.3 percent more than last year. “These parameters have been approved at a meeting of the Board of Directors,” Yakunin said during a teleconference on Wednesday, April 4, adding, “The investment plan for the first quarter has been implemented.”
He noted “strict compliance with the schedule of Olympic construction”.
“The construction of the Vodopadny-Lazarevskaya stretch has been completed, which allowed us to finish the last stage of the Olympic railway line from Tuapse to Adler,” Yakunin said.
The company plans to repair 10,400 kilometres of railway tracks this year and 1,200 kilometres where Japanese and Austrian tracks will be laid. This will increase the intervals between repairs 1.6 times from 700 million gross tonnes to 1.1 billion gross tonnes.