RZD to put 71 bln rubles into southern port approaches before 2015
NOVOROSSIISK. March 18 (Interfax) - Russian Railways (RZD) will be investing about 71 billion rubles in developing railroad approaches to ports in the south in the period before 2015, representative of the company's Northern Caucasus branch Yevgenny Gorlakov said at a conference in Novorossiisk.
"Cargo turnover at southern ports is growing from year to year, and the infrastructure in this direction needs to be developed. Around 58 million tonnes of cargo was sent to Novorossiisk alone in 2009," Gorlakov said.
RZD invested about 11.6 billion rubles in the overhaul of railroad approaches to southern ports in 2009, including the port Kavkaz, from which some railcars are ferried to Turkey and countries in Europe.