The investment program of Russian Railways in the medium term could rise by 1.5 times. This was stated by Deputy Prime Minister Arkady Dvorkovich at a meeting on the development of the steel industry. "In general, RZD's investment may increase by about 1.5 times over the medium term", - he said.
In June, the newspaper "Vedomosti" reported on the government to reduce the sentence of Railways investment program up to 2018, from 5.7 trillion to 2.7 trillion rubles. These funds will be sufficient to fund key projects monopoly - the construction of port infrastructure, and the development of the Baikal-Amur and Trans-Siberian Railway. The sources of finance, the Government proposed the use of the National Welfare Fund, Pension Fund, the budget, as well as equity and debt Railways.
Through the issuance of infrastructure bonds to finance the planned upgrade of locomotive fleet, the construction of railway lines to the Elga coal deposit, branches Mezhdurechensk - Taishet and construction of bypass Krasnodar.
At BAM and Trans-Siberian Railway planned to send 260 billion from the budget. The remaining costs will fund a monopoly at the expense of equity and debt.
In the investment program does not include the costs of high-speed railway. Only highway Moscow - Kazan will cost 928 billion rubles. This was announced at the end of May, the head of Russian Railways Vladimir Yakunin. 650 billion rubles of this amount is expected to be allocated from the budget.
Railways introduced the investment program for 2012-2020 in June last year. How, then, said the vice-president of the monopoly Vadim Mikhailov, the company is willing to finance only 3.8 trillion rubles of this amount. The government opposed the allocation of budgetary resources, pointing out that the company has a 100-percent state participation itself is capable to attract borrowed funds.
November 12, 2012 the Russian government approved the overall Railways investment program for the period up to 2015 in the amount of more than 1 trillion rubles . Russian Prime Minister Dmitry Medvedev said at the time that the investment budget of Railways in 2013 - more than 400 billion rubles, and for three years - more than $ 1 trillion. "This money will be spent on the development of the railway infrastructure, security services, the improvement of transport accessibility for citizens and rolling stock. Course, the money is not enough to solve the problems facing the industry. We expect that the program as a whole will be more ambitious take into account the needs of the economy in a dynamic and innovative development of railway transport, "- he stressed.