RZD set to invest heavily in port rail access
Russian Railways (RZD) earmarked for 2013 RUB 110 billion to invest in the development of rail access roads to ports, RZD-Partner reports citing the Institute of Transport Economics and Development survey.
The investment sum includes RUB 39 billion set aside for investment in the North-West basin. RUB 19 bn will be spend to improve connections with ports in the southern basin, RUB 42 bn - in Far Eastern basin.
The Institute forecasted that the Russian North-West ports cargo throughput by 2020 will surge 85% y-o-y; freight traffic at the ports of Russia’s southern region may soar by 94% (yoy), and cargo volumes of the ports of the Far East will grow by 56%.
