OREANDA-NEWS. May 13, 2010. Vladimir Yakunin, President of Russian Railways, held a conference call on the Company’s work in April, reported the press-centre of RZD.

"According to the figures, in the first 4 months of 2010 about 60 billion roubles were actually invested. We spent 9.2 billion roubles on purchasing and upgrading locomotives and 3.2 billion roubles on purchasing and upgrading motorised railcar rolling stock," said Vladimir Yakunin.

Yakunin also said that implementation of the Olympic projects was in full swing. About 35% of the annual volume of funds had been invested.

Also being implemented rapidly are various projects, including the final phase of the railway infrastructure needed for the high-speed Sapsan trains between Moscow and Nizhny Novgorod; renovation of the bridges over the Obvodny Kanal (Bypass Canal), which is part of a joint project with St. Petersburg; reconstruction of the Maly Novorossiysk Tunnel; the full reconstruction of the section between Mga - Gatchina - Veimarn - Ivangorod and the railway approaches to the ports on the southern coast of the Gulf of Finland; the comprehensive reconstruction of the section Kotelnikov - Tikhoretskaya – Krimskaya with a bypass of the Krasnodar hub.