Investments of RZhD OJSC into Transib development to amount to 114.2 billion rubles in 2006 - 2008
Total investments into Trans Siberian Line development under investment program of RZhD OJSC for 2006-2008 to amount to 114.2 billion rubles. According to PR Service of Oktyabrskaya Railway – RZhD branch – this information is a part of the report of Alexander Donkin, Director General of the Center of RZhD Brand Transport Service, read out at a plenary meeting within the framework of VIII International Multi-industry Transport Exhibition "Transtech-2006". According to him, 241.5 billion rubles will be invested into Transib under federal special-purpose program for Modernization of Russia’s Transport System before 2010.
Our country’s territory is crossed by optimal routs included into international transport corridors, which allow to minimize shippers’ costs and ensure maximum efficiency of intercontinental cargo turnover, Donkin reported, - However Russian potential is not used to a sufficient extent. According to expert estimate, annual trade turnover between Europe and Asia is 600 billion dollars with only one percent falling on transport infrastructure of Russia. Today the share of marine transport holding leading position in Europe-Asia transportation is 98 % of total volume of shipments between the countries of Europe and Asia-Pacific Region. Donkin also remarked that realization of Russia’s transit potential is achieved first of all through the possibilities of railway transport, which has not only certain advantages in large-distance transportations but a highly developed infrastructure at major directions of international lines crossing the territory of Russia.
