RZD targets RUB30bn private sector station investment next year

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Russian Railways (RZD) is hoping to massively increase the level of private investment in the country’s railway stations next year.

Sergey Abramov, head of the Directorate of Railway Stations, a subsidiary of RZD, said the company is aiming to attract 10 to 30 billion roubles ($323 – 968 million) of investment from non-budgetary sources in 2013.

During a meeting on the development of Russia’s rail stations, Abramov announced that private investment in stations totalled five billion roubles this year.

RZD is currently engaged in a large-scale station modernisation programme, with plans to upgrade all 350 stations on the network by 2015.

As well as reconstruction work, RZD is looking to transform the country’s stations into leisure facilities, complete with shopping malls, restaurants and cinemas, through private investment projects.

Next year, Moscow’s Kazan railway station will be the first to have its own cinema, with similar proposals under consideration for stations in Adler, Kineshma, Smolensk, Stavropol and Ulyanovsk.

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