Russian railway investment to reach RUB1.6trn

Russian railway investment: As much as RUB1.6trn may be channeled into upgrading Russia’s railway network by 2020, the  deputy chairman of the Russian upper house committee on economic policy Sergey Shatirov said this week. The upgrade will be partly funded from the federal budget and partly from the Russian Railways Company and should both help stimulate the Russian economy and cope with a predicted increase in rail cargo traffic which is expected to grow by 56m tonnes between now and 2030.The Siberian Times