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21 Jan 2019, Gergana Bencheva, EMIS Editor

Russian Railways invests RUB 14.3bn in rail infrastructure in 2018

State-owned Russian Railways invested RUB 14.3 billion in the development of rail infrastructure in 2018, AK&M News Online reported. In particular, the investment concerned the access ways to the ports of Russia’s Northwestern Basin.

Between 2015-2018, Russian Railways put into operation about 200 km of station tracks and some 30 km of second tracks. In addition, over 160 km of tracks were electrified and six railways substations were built.

In terms of financial results, the railroad operator saw its IFRS net profit jump by 21.45% on the year to RUB 64.761 billion for the first half of 2018. Revenue rose by 7.57% on the year to RUB 1.164 trillion and EBITDA went up by 4.7% to RUB 256.2 billion, AK&M News Online noted.

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