The head of Russian Railways Oleg Belozerov at meeting with Prime Minister Dmitry Medvedev announced that investment program of RZD in 2015 will amount to 392 billion rubles, and in 2016 will increase to 432 billion rubles.
MOSCOW, 14 Oct. The investment program of Russian Railways in 2015 will amount to 392 billion rubles, and in 2016 will increase to 432 billion rubles, while in the current year due to the optimization it was possible to save 30 billion rubles, said the head of the company Oleg Belozerov.
Investment program of RZD for 2015 was originally approved in the amount of 414 billion rubles, however in early June the company announced it increased to 427.7 billion rubles. The growth was attributed to the increase of the parameters for projects to develop the Moscow transport hub and the construction of high-speed railway line Moscow-Kazan.
“This year, I would like to say, the investment programme amounts to 392 billion rubles, which allows us to buy 497 locomotives, built almost three thousand kilometres of paths and additionally reconstruct existing roads. However, 39% of the expenditures on those objects that are constructed on behalf of the President and the government,” Belozerov said at a meeting with Prime Minister Dmitry Medvedev.
“We plan that next year will receive additional in that part of the savings, which will allow next year to increase our investment budget up to 432 billion rubles”, — he added.
Also Belozerov noted that this year Russian Railways has undertaken a number of activities, discussing the possibilities of cost optimization. “And in this short period of time we find additional, about 30 billion rubles. We understand that development is only possible through optimization of our activities,” he said.
“We are now working virtually in all areas ranging from improving productivity this year, expect it to reach 5%. We optimize price and unit cost in procurement, during construction. Moreover, we are now actively introduced technological and price audit,” he said.