By 2025, the total investment for railway development in Russia is estimated at RUB 7.7 trillion (USD 130.7 billion), the president of Russian Railways Oleg Belozerov said.
The president said that the new priorities involve the construction of railway connection in regions that currently don’t have railway links with country’s network. “The most important thing is that in the coming years, the railway will come to those regions where it has never previously existed. In the first instance, this applies to the construction of the Northern Latitudinal Railway, one of Russia’s largest Arctic projects. In addition, a transport link to the island of Sakhalin will be the logical extension of the ongoing modernisation of the railway system in Russia’s Far Eastern region,” Belozerov said.
These projects are expected to be financed from the company’s own funds and credit resources. Belozerov explained that there is the need to develop a new look for the railway stations and change the approaches to the renewal of rolling stock and the rapid development of high-speed services. “By 2025, the annual number of passengers travelling on high-speed trains will approach 25 million.”
Another priority projects is the Eurasia high-speed freight and passenger main line which will allow Russia to occupy a worthy place on the world map of the logistics routes of the future.