Russian Railways investment program grows to almost 1.5 trln rubles in 2024 from approved 1.3 trln rubles

MOSCOW. Feb 12 (Interfax) - Russian Railways' (RZD) investment program grew to nearly 1.5 trillion rubles in 2024 and exceeded the approved amount of 1.275 trillion rubles.

"A record-size investment program was carried out in 2024. It totalled almost 1.5 trillion rubles," Deputy Prime Minister Vitaly Savelyev, who chairs RZD's board of directors, said at the company management board's wrap-up meeting on Wednesday.

The company said in a presentation for the meeting that its EBITDA grew 14.3% to 0.8 trillion rubles in 2024 from 0.7 trillion rubles in 2023.

It was reported earlier that RZD approved an investment program of 890.9 billion rubles for 2025, down from the 1.275 trillion rubles approved for 2024.