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Russian Railways to save $1.5 billion of investment in 2014

January 29, 2014, 20:34 UTC+3 29
1 pages in this article

VORONOVO (Moscow Region), January 29. /ITAR-TASS/. Transport monopoly Russian Railways (RZD) can save about 50 bilion rubles, or about $1.5 billion, of its investment program this year, according to the saving plan the company referred to the Ministry of Economic Development.

“In 2013 RZD saved 81 billion roubles (about $2.5 billion) as a result of internal audit”, and a complex of measures would help further economy in 2014, Deputy Minister Sergey Belyakov told journalists Wednesday.

He added proposals for cost optimization would be referred to the government by March 25 after last December all natural monopolies, including grid companies and the gas export monopoly Gazprom, sent the results of investment programs’ audit to the government.

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