Future Projects
According to the 2011 JSC RZD Annual Report: the company plans to invest over 2.2 trillion rubles (about 70 billion dollars) untill 2020 to upgrade and expand the network infrastructure (without high-speed and high-speed projects). Seven priority infrastructure development projects were allocated. These are approaches to the ports of the South of Russia, an approach to the ports of the North-West Russia, infrastructure in Western Siberia, and north of the Urals Federal District, Trans-Siberian Railway, Baikal-Amur Mainline, Mezhdurechensk, Abakan – Taishet station, the Moscow railway hub. The company recognizes that it has not sufficient funding for the major projects planned, and the cost of borrowing in the bond market does not allow to implement infrastructure projects with positive financial results and return on investment.
Read more about this topic: Russian Railways
Famous quotes containing the words future and/or projects:
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—Lyndon Baines Johnson (1908–1973)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)