By the end of 2016, Russian Railways will invest RUB 260 billion (USD 3.96 billion) on its construction programme, which consists of thousands of projects, the company’s Vice-President Oleg Toni said.
Among the largest projects are the development of the railways in Eastern Russia, the development of the Mezhdurechensk – Taishet and Tobolsk – Surgut lines, the development of the North-West transport hub, which will switch freight traffic to the Losevo – Kamenogorsk line, and enhanced approaches to the ports of the Gulf of Finland. Work is also continuing to develop carrying capacities in the Azov-Black Sea basin and construct a new 130 km railway line between Zhuravka and Millerovo stations.
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