16 Jun 2011 16:49

RZD to borrow 40 bln rubles in 2012 if investment needs grow

MOSCOW. June 16 (Interfax) - Russian Railways (RZD) Russian Railways (RZD) is prepared to increase borrowing in 2012 in the event freight tariffs rise 7.4% not by 40 billion rubles but by 60 billion rubles, the rail monopoly said in materials, seen by Interfax.

An RZD source said the company was prepared to borrow the additional funds if its investment program grows by around 20 billion rubles.