RUSSIA: RZD's ongoing structural reform programme will see its suburban passenger activities spun off into separate businesses this year, along with the end of cross-subsidy from freight.
By the end the year RZD will have 27 commuter rail subsidiaries including Moscow airport train operator Aeroexpress, up from 22 at present. The creation of distinct subsidiaries is expected to make it easier to attract private investment in areas such as train maintenance.
RUSSIA: Plans to spend €3·5bn on wagon fleet modernisation were announced by Russian Railways following the RZD board's formal go-ahead for the creation of the Second Freight Co on August 26. Non-profit body Zheldorreform owns one share in the new company, known as Freight Two, with RZD owning the rest. ...
RUSSIA: Russian Railways gave its approval for the creation of the Second Freight Company as a new standalone subsidiary on July 26. The necessary documentation will now be passed to the RZD board for approval. Second Freight Company will be a national freight operator using its own rolling stock to ...
RUSSIA: On May 27 Siemens, Aeroexpress and RZD signed a memorandum of understanding for the formation of a three -way joint venture to build and maintain Desiro regional electric multiple-units with asynchronous drives for the Russian market. Series production of the Desiro RUS will begin in 2014, with the proportion ...
