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Russia’s 2023 investment program planned at $14.78 bln

First Deputy General Director at Russian Railways Vadim Mikhaylov said earlier that the level of the investment program of Russian Railways in 2024-2025 could reach $16.13 - 17.47 bln

MOSCOW, February 15. /TASS/. The investment program of Russian Railways is planned to reach 1.1 trillion rubles ($14.78 bln) in 2023, Russia’s First Deputy Prime Minister, Chairman of the Board of Directors of Russian Railways Andrey Belousov said on Wednesday.

"Russian Railways' investment program is expected to hit a new high of 1.1 trillion rubles in 2023. This is nearly a quarter more than the figure for 2022," Belousov said.

First Deputy General Director at Russian Railways Vadim Mikhaylov said earlier that the level of the investment program of Russian Railways in 2024-2025 could reach 1.2-1.3 trillion rubles ($16.13 - 17.47 bln). At the beginning of November 2022, the Russian government approved the company’s investment program for 2023 in the amount of 1.7 trillion rubles ($22.85 bln).

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