RZD to maintain investment program for 2010 at same level as this year
MOSCOW. Aug 27 (Interfax) - OJSC Russian Railways (RZD) plans to keep its investment program for 2010 at this year's level, the company's president, Vladimir Yakunin, told journalists on Thursday in Moscow.
"We plan to keep the investment program at the same level based on total transport," he said.
RZD's investment program for 2009 was confirmed at 252 billion rubles. The forecast for this year sees the company's total transport down 19%.
A decision was made this summer to increase RZD's cargo transport tariffs by 9.4% as transport is expected to increase by 1%-2% in 2010.
It was earlier reported that the Russian government plans to review RZD's 2010 investment program in October and November.