Railways in 2017, will reduce the cost of 65 billion roubles

MOSCOW, August 29. /TASS/. JSC “Russian Railways” (RZD) by the end of 2017 will reduce the cost of 65 billion rubles, said at the briefing, senior Vice President Vadim Mikhailov.

“The annual program of cost reduction is in the range 65 billion. For the first six months we report on 32.5 billion rubles savings in accordance with the plan that we have developed. This is a serious of activities aimed at improving productivity, optimizing administrative costs and increasing the efficiency of the transportation process and improve the technology of transport,” he said.

By the end of 2015-2016, the Russian Railways managed to reduce the cost of 104 billion.