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Medvedev demands methods to substantiate growth of railroad tariffs

August 05, 2012, 23:13 UTC+3
Deputy Economic Development Minister said that the increase of tariffs should be linked with higher labor productivity of Russian Railroads personnel
1 pages in this article
Photo ITAR-TASS

Photo ITAR-TASS

OMSK-TOMSK, August 5 (Itar-Tass) —— Prime Minister Dmitry Medvedev demanded the elaboration of methods to substantiate the growth of railroad tariffs at the Sunday conference on Russian railroads’ development he chaired on a train to Tomsk, the second leg of his tour of the Siberian Federal District.

“We need the soonest adjustment of methods of the evaluation of grounded expenditures. Hence, I instruct the Economic Development Ministry to elaborate these methods quickly and to present them to the government for consideration,” Medvedev said.

“The tariffs must ensure loss-free operation of railroads on one hand, and promote their development on the other hand,” Medvedev said.

Concerning the tariff growth in 2013, which will be approved at the conference, Deputy Economic Development Minister Andrei Klepach said that the increase of railroad tariffs by 7% instead of planned 5.5% next year would not solve the investment problem. “In the case of an economical policy and updated regulation of reserves Russian Railroads is forming now, that will only help to avoid losses,” he said. “If that is not done, losses may reach 38.6 billion rubles in 2013.”

Klepach said that the increase of tariffs should be linked with higher labor productivity of Russian Railroads personnel.

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