PRESS: Russian Railways approves 2017 investment at 460 bln rbl

MOSCOW, Dec 22 (PRIME) -- The board of directors of Russian Railways has approved a 459.5 billion ruble investment program for 2017 and spending another 17 billion rubles on renewal of traction rolling stock through leaseback, Kommersant business daily reported Thursday citing the company’s documents.

Previously, the company’s investments were planned at 389 billion rubles in 2017 and 436 billion rubles including money for leasing of traction rolling stock.

Prime Minister Dmitry Medvedev said earlier in December that Russian Railways’ capital investments will be increased to 470 billion rubles in 2017.

(61.1092 rubles – U.S. $1)

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