Russian Railways to invest Rb428.4 billion in 2012

The President of Russian Railways Vladimir Yakunin has announced that the Company will be investing 428.4 billion Roubles in 2012.

According to Yakunin, the plan for investment activities during the first quarter of 2012 has been fulfilled.

“I would like to stress that we are carrying out the construction of Olympic facilities strictly according to schedule. During the first quarter, we completed the construction of the stretch between Vodopadnyi – Lazarevskaya, which enabled us to complete the last stage of the railway line from Tuapse to Adler, which is needed for the Olympic Games,” said Vladimir Yakunin.

Yakunin also said that it is planned to carry out repairs ‘of all types’ on 10,421 kilometres of track on the rail network during 2012.

The volume of assembled rails and sleepers to be laid this year will see a ‘significant increase of almost 18% to 7,244 km’.

Also planned is scheduled maintenance on 1,200 km of lines, which will consist of laying the ‘highest quality rails’ made in Japan and Austria and sleepers with elastic fastenings.