Russian Railways is open to investment in the construction of private railways, RZD President Oleg Belozerov said.
“We are open to investment. We can implement each project on our own, and today we are offering the entire range of potential combined investment opportunities that exist in the financial world: from SPV to the construction of private railways.” Belozerov added.
The RZD head urged the government to participate in railway projects. “The government’s main task is to create a favorable regulatory environment. The Ministry of Transport is currently working on that,” he said.
All railways intended for public use are state-owned and operated by RZD. But this summer, the Federal Railway Transport Agency (FRTA) and Tamanneftegaz signed Russia’s first concessionary agreement for the construction of railway infrastructure. In order to increase freight volume to OTEKO Group’s terminals to 70 million tons a year, the company will build 3.5 km of railway track, valued at 362 million rubles (USD 5.6 million), for public use.
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