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wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Six companies have registered bids for a majority stake in First Freight Company, the rail freight subsidiary of state-owned Russian Railways.

The Russian government has decided to sell off around 75% of First Freight Company in one lot at a public auction.

The sale is part of the gorvernment’s 2011-2013 privatisation plan, which aims to sell shares in state-owned companies to tackle the country’s budget deficit.

The bidders include NefteTransServis, a rail cargo transport company; two subsidiaries of Globaltrans, Russia’s largest freight rail transport group; Transoil and Independent Transport Company.

Russian Railways said in a statement: “Bids for the auction may be filed by corporate entities registered in Russia, which are non-state corporations with a stable financial position and experience of operating rail rolling stock,” .

Russian Railways President Vladimir Yakunin added: “The sale of a controlling interest in First Freight Company will become a key element in the reform of the freight side at Russian railways.

“As a result of this step, the market will see the appearance of the largest private player in the cargo sector, while Russian Railways will receive significant funds to finance its investment programme.

“The terms of the auction mean that we can expect a strategic investor that is interested not only in the commercial benefits, but also in the development of Russia’s rail system.”

According to reports, an independent valuer has set the minimum price for 75% minus two shares in First Freight Company at R115.5 billion (US$4.15bn).

Russian Railways intends to complete the sale by the end of the year. Bidders must have a fleet of at least 10,000-15,000 rail cars to qualify to participate in the auction.

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Russian Railways invest in rail reconstruction to boost Russia-EU trade 04. August 2011  

In the first half of 2011, Russian Railways invested more than RUB 4.3 billion (about EUR 108.6 million) in the project for the comprehensive reconstruction of the section between Mga - Gatchina - Vaimarn - Ivangorod and the rail approaches to ports on the southern shore of the Gulf of Finland. The project will create the necessary conditions to boost trade between Russia and the European Union through the seaport of Ust-Luga by carrying out a comprehensive reconstruction of the relevant sections of the railway line. (ben

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Freight One has hauled more than 830,000 metric tons of ferrous metals from smelters in Sverdlovsk region and Perm territory.

The haulage increased by 45% in the first half of the year in comparison to last year.

Nizhnetagil Smelter showed the greatest increase at 70% when compared to 2010.

The factors contributing to growth include a ‘favorable market situation abroad, higher domestic demand and the fact that the company accounted for a higher percentage of the haulage from the smelter than before’, the freight company said.

Freight One hauled a total of 10.2 million metric tons of ferrous metals in the rest of  Russia in the first half of the year, an increase of 15.7%.

Freight One owns over 200,000 units of rolling stock of different types and 21% of the total fleet in Russia.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Russian Railways hopes to complete the share sale of its Freight One cargo subsidiary this year, company presidentVladimir Yakuninsaid Friday.

"We hope to get a new valuation soon and complete the sale by Sept. 29," he told reporters at a press briefing Friday.

The company hopes to sell off 75 percent minus two shares in Freight One, which operates about 21 percent of Russia's freight rolling stock.

But Yakunin called "unacceptable" attempts to get the company to sell 50 percent — twice the size of the stake originally planned — in its cargo container operatorTranscontainer.

"Frankly, I sometimes don't understand," he said. "Last year the decision to sell 25 percent was made. … It's unacceptable to try to revise this decision. We have no need to sell these [extra] shares." He did not say who was pressing to increase the amount of the company to be sold.

He added that the Transcontainer package should have been sold "yesterday" for Russian Railways to be able to include the proceeds in its budget for 2011.

Transcontainer runs containers for road and rail transportation as well as a terminal processing and customs clearance service.

Russian Railways is one of several state-owned companies that the government wants to wholly or partially privatize by 2017.

Yakunin repeated his position that "our owners" — that is, the government — will decide what and when to sell, but said the sale of a majority stake in Russian Railways itself was unlikely and cautioned against a breakup of the monopoly.

"They tried that in Great Britain, and look what happened there," he said in reference to the controversial privatization of British Rail in the early 1990s, which many blame for a decline in service levels.

Yakunin had previously backed the sale of a 10 to 15 percent stake to a "strategic investor," but wants to hold off valuing the company until 2013, when he believes that the country's economy will have fully recovered from the post-crisis slump.

PresidentDmitry Medvedevhas called for the privatization process to accelerate, leading analysts to speculate that a railways sale could occur as early as next year.

Yakunin also revealed that the company is interested in a $2.5 billion railway building project in Indonesia, but did not elaborate.

The Jakarta Post reported earlier this year that Russia may invest in a 185-kilometer railway to carry coal, linking the provinces of Central and Eastern Kalimantan.

But the paper reported Thursday that the governor of Central Kalimantan had rejected the Russian plan because it would damage protected forests.

Read more:http://www.themoscowtimes.com/business/article/russian-railways-sells-freight-one-eyes-indonesia/441703.html#ixzz1UNSALFUO

The Moscow Times

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

A 2ES10 Granite pilot freight locomotive delivered an ‘unprecedented cargo’ of 9,000 tonnes from Yekaterinburg to Balezino through Sortirovochny and Pervouralsk in Russia.

This unparalleled trip was attended by Mr Vladimir Yakunin, CEO of Russian Railways, Mr Alexander Misharin, Sverdlov Region Governor, Mr Dmitry Pumpyansky, Sinara Group Board Chairman, and Mr Peter Löscher, President and CEO of Siemens AG.

Commenting on the locomotive test results, Vladimir Yakunin highlighted its ample potential to contribute to the overall development of freight and railway transportation.

“This is a landmark event. For the first time in the history of Russian railways an unprecedented cargo train has crossed the mountain chain dividing Europe and Asia.

“This has become possible due to the joint efforts of Russian and German engineers who designed a state-of-the-art locomotive, which highlights a significant contribution to strengthening cooperation between Russian and German railways,” said Vladimir Yakunin.

The locomotive was produced by Urals Locomotives, a joint venture of Sinara Group and the German engineering powerhouse Siemens, in line with the TOR prepared by Russian Railways.

Granite is an example of a highly efficient way of integrating local and international technology. The new locomotive encompasses 60% of advanced local engineering solutions and Siemens R&D on traction and vehicle control.

The new electric locomotive which uses an asynchronous traction motor has unique performance characteristics. With a maximum speed of 120 km/h it has a capacity of 8800 kW.

Launching the production of three-section 2ES10 locomotives will make it possible to develop and implement a technology to get 9,000 tonne-heavy trains over the Ural Mountains without breaking up the cargo and changing the locomotive, helping increase railway capacity.

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Russian Railways continues investment in north Caucasus main lines 09. August 2011  

In the first half of 2011 Russian Railways invested more than RUB 2 billion (EUR 50 million) in implementing the complex reconstruction of the Maxim Gorky-Kotelnikovo-Tikhoretskaya-Krimskaya stretch, and is thereby continuing to implement the investment project, which envisages the construction of continuous second main lines on north Caucasus railways. The purpose of the project is to facilitate the delivery of goods to the ports of the Azov/Black Sea transport hubs (Novorossiysk, Tuapse, Kavkaz and Temryuk and Grushevskaya) in the volumes planned during the target years and to optimise the Krasnodar hub through a bypass and switching freight traffic to the Timashevskaya-Crimea route. (ben

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Russian Railways President Vladimir Yakunin participated in the National Railway Day celebrations held in Novosibirsk on 7 August 2011.The celebrations were also attended by Alexander Tselko, President of West-Siberian Railways, and senior officials from the Novosibirsk Region and the city of Novosibirsk.

Entertainment and sporting events and charity events were organised for railway employees in Novosibirsk’s Zaeltsovsky Park, and a thematic area was dedicated to veterans of the industry and railway companies.

National Railway Day was the first professional holiday ever established in Russia and was instituted in 1896 and dedicated to the birthday of Emperor Nicholas I, who began the construction of railways in Russia.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Evraz Group SA and OAO Severstal, Russia’s largest steelmakers, may face difficulties mining metallurgical coal in the untapped Tyva coal province in East Siberia, Vedomosti reported, citing people it didn’t identify.

Exporting coal from the province will require 116 billion rubles ($3.9 billion) of investment in expansion of OAO Russian Railways’ Trans-Siberian railroad, and the state rail company lacks money for this, the newspaper said, citing an official in the Economy Ministry.

Yenisei Industrial Co., acquired by Russian Copper Co. shareholders this year, is another company seeking to develop coal deposits in Tyva, according to Vedomosti.

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

RZD to order double-deck trains from Transmashholding

Thursday, August 11, 2011  

RUSSIAN Railways (RZD) has agreed terms of reference with Transmashholding for a contract to supply a fleet of 160km/h double-deck inter-regional trains.

Each set will be formed of six or 12 coaches with a 4MW single-cab dc electric locomotive at either end. The trains will have business, standard and economy class accommodation and will be used on services of up to 700km. RZD plans to deploy the initial batch on services from Moscow to Tver, Yaroslavl, Vladimir, Ryazan, Tula, and Kaluga.

The locomotives will be built at Novocherkassk Electric Locomotive Plant (NEVZ), while Tver Carriage Works (TVZ) will assemble the coaches. The number of trains in the initial order is still to be decided, although Transmashholding says production will begin in 2014.

Transmashholding's strategic partner Alstom as well as other Russian and international suppliers are expected to participate in the project.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

RGI-

RZD and Transmashholding agree double-deck train concept

11 August 2011

RUSSIA: Transmashholding announced on August 11 that it had agreed terms of reference with Russian Railways for the development of 160 km/h double-deck trainsets for inter-regional services on routes of up to 700 km.

Production is expected to begin in 2014, with the first trains used on routes from Moscow to Tver, Yaroslavl, Vladimir, Ryazan, Tula and Kaluga.

Each train will comprise between six and 12 double-deck coaches from TMH's Tver works, top-and-tailed by single-cab 3 kV DC electric locomotives rated at 4 MW which will be built at TMH's Novocherkassk plant. According to TMH, the height of double-deck stock means there would be no roof or under-floor space for the electrical equipment needed for an electric multiple-unit.

The air-conditioned coaches will have three classes, business class featuring seat-back entertainment systems, standard class having a 2+2 seating arrangement and economy class 3+2. There will also be wheelchair facilities, a snackbar, space for bulky luggage and CCTV.

TMH expects shareholder Alstom to be a strategic partner in the project.

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Russian government to sell stake in First Freight Company 12. August 2011  

The Russian government has decided to sell 75% minus two shares of the First Freight Company in one lot at a public auction. The final minimum sale price of the shares will be determined on the basis of a report by an independent appraiser 30 days before the announcement of the auction. The sale of shares in the First Freight Company is planned to take place before the end of 2011, Russian Railways reported.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

RZD to order double-deck trains from Transmashholding

Thursday, August 11, 2011

RUSSIAN Railways (RZD) has agreed terms of reference with Transmashholding for a contract to supply a fleet of 160km/h double-deck inter-regional trains.

Each set will be formed of six or 12 coaches with a 4MW single-cab dc electric locomotive at either end. The trains will have business, standard and economy class accommodation and will be used on services of up to 700km. RZD plans to deploy the initial batch on services from Moscow to Tver, Yaroslavl, Vladimir, Ryazan, Tula, and Kaluga.

The locomotives will be built at Novocherkassk Electric Locomotive Plant (NEVZ), while Tver Carriage Works (TVZ) will assemble the coaches. The number of trains in the initial order is still to be decided, although Transmashholding says production will begin in 2014.

Transmashholding's strategic partner Alstom as well as other Russian and international suppliers are expected to participate in the project.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Russian Railways President Vladimir Yakunin recently announced the company’s ridership statistics so far in 2011.

“Passenger traffic carried on the infrastructure of Russian Railways in the first seven months of 2011 increased by 1.5% compared to last year,” said Yakunin.

“Long distance traffic was up by 1.4%, and suburban traffic rose by 1.5%.”

The growth of long distance passenger traffic is due to the marketing campaign being implemented by the First Passenger Company, a Russian Railways spokesperson said.

The campaign includes special fares on train services to the Black Sea coast of the North Caucasus and on additional and seasonal trains, as well as discounts depending on the day of the week and the passenger’s destination.

“In total, the marketing campaign attracted some 225,000 additional passengers during the two summer months,” said the Company president.

This year, the areas targeted by the campaign comprised up to 40% of the passenger numbers in compartments and sleeping carriages compared with 7% in 2009.

During the two summer months, 323, 000 children travelled by long-distance train.

Russian Railways laid on 152 special children’s trains, 50% more than last year, and hitched up 411 additional carriages during the 2011 summer season.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Siberia Container Line Speeds Flow of Car Parts to Europe: Freight Markets

Q

By Chris Jasper and Steve Rothwell - Aug 12, 2011 9:53 PM ET

The railway station of Moscov. The Trans-Siberian Railway is the longest railway in the world. Photographer: Frederic Hermann/Wostok Press/MAXPPP/Newscom

Russia’s biggest privately owned train company is tapping the world’s longest rail network to move high-value auto parts and electronics fromEast Asia to Europe, slashing 30 days from ship-borne delivery times.

Globaltrans Investment Plc (GLTR), part of Moscow-based transport group N-Trans and listed in London since 2008, is running four container trains a day from Vostochny port on the Sea of Japan to move goods for Japanese, Chinese and Korean customers includingHyundai Motor Co. (005380), South Korea’s largest carmaker.

N-Trans, which runs the VSC container terminal in Vostochny through its Global Ports Investments Plc unit, aims to steal time-sensitive, high-value shipments away from maritime routes using the 6,000-mile trans-Siberian railway. Journey times of about 11 days compare with a month for sea transfers from Korea and Japan to Hamburg and as many as 40 days to St. Petersburg, where congested infrastructure can stretch times further.

“The volumes you can carry by train are obviously much lower than on the smallest container ships, and one of the drivers for the trans-Siberian venture is as a solution to the congestion inSt. Petersburg and the Russian ports,” said Marc Pauchet, an analyst at Maritime Strategies International Ltd.

Fledgling Service

Globaltrans rose 7.7 percent, the most in six weeks, in London today and was priced 3.3 percent higher at $14.15 as of 11:30 a.m. local time. The stock has advanced 7.2 percent since first trading in the U.K. on May 1, 2008, valuing the company at $2.17 billion even after a 14 percent slump on Aug. 8 as global markets fell on concern about the euro and U.S. debt ratings. The business almost doubled profit before minority interests to $226 million last year on sales of $1.38 billion.

Globaltrans’s seven time-zone trans-Siberian service remains a fledgling one, utilizing just 450 box wagons, compared with the company’s 30,000 gondola cars used for bulk transport and 21,000 oil tanks.

Customers include Hyundai, for which the company ships parts to a Russian factory that opened last September and is increasing output of the Accent model to 200,000 cars a year.

“It will provide a good service for certain kinds of cargo, but in terms of the volumes it’s just not there yet,” said Fred Doll, managing director of the Forrest Row, England- based Doll Shipping Consultancy and a former director at Clarkson Plc, the world’s biggest shipbroker.

Foodstuffs, Steel

Still, growth rates for container volumes at Russia’s ports suggest potential for a step change, according to Nikita Mishin, the joint owner and co-founder of N-Trans, who said in an interview that the box market is booming and the trans-Siberian route underutilized.

Russia last year had a throughput of 4.1 million 20-foot equivalent units, or TEUs, as standard containers are known, according to Drewry Maritime Advisors, with volumes forecast to increase to 13.1 million by 2020. The market expanded at 3.9 times the pace of the Russian economy in the decade to 2010.

While St. Petersburg, Russia’s biggest port, ranked 62nd in the world in 2010 with 1.9 million TEUs, that equaled growth of 44 percent, according to Drewry, outstripping expansion at the world’s top 10 harbors. Among Europe’s top three, volumes grew 14 percent in Rotterdam and Hamburg and 16 percent in Antwerp.

Inward container flows to Russia are dominated by consumer goods, foodstuffs and spare parts, N-Trans says, with outbound traffic including exports from OAO Severstal, the country’s second-biggest steelmaker, which is using containers after a two-year Globaltrans campaign to win the business.

Shunting Yards

Box volumes have recovered from the recession, surpassing peak 2008 levels by the first quarter of last year. Still, Russia’s road and rail infrastructure -- the country has a limited freeway network and its 53,000-miles of track still uses shunting yards -- requires upgrading if containerization is to penetrate far beyond the ports, according to N-trans.

Volume growth is starting from a low base, Drewry figures show. Container throughout in Russia stands at about 29 TEUs per 1,000 people, compared with 132 in the U.S. and 168 in the European Union. Even at forecast growth rates the ration will remain below 100 at the end of the decade, the projections say.

Inland Site

Global Ports opened its first inland site, Yanino, in 2009, 50 miles from St. Petersburg, helping to bypass congestion in Russia’s second-biggest city which MSI’s Pauchet says can be “atrocious” as inadequate road links combine with insufficient storage space in a “vicious circle” of backed up containers.

Yanino can handle 200,000 TEUs a year and covers 51 hectares, with the same space again available for expansion.

The VSC or Vostochnaya Stevedoring Co. terminal at Vostochny port in the city of Nakhodka has direct access to the trans-Siberian railway, with 85 percent of cargo using the site moved by train. The terminal, 25 percent owned by Dubai-based DP World Ltd. (DPW), the third-largest port operator, is the biggest in Russia’s Far East, with an annual capacity of 550,000 TEUs.

One of the primary attractions of the overland route is as a mechanism for returning empty containers from Europe to East Asia, said Pauchet, who previously worked at Hyundai and DHL Global Forwarding. Because of the balance of trade, companies can’t fill all east-bound boxes, and sending them by rail may be preferable to loading ships full of non-revenue-earning cargo.

Kia Custom

Global Ports, Russia’s No. 1 container-terminal operator by throughput with a 30 percent market share in the first four months of 2011, also counts Korea’s Kia Motors Corp. among its customers, and there may be scope for further parts flows to switch to rail, Mishin said.

The ports unit competes with Moscow-listed Fesco Transport Group, known as Far East Shipping Co. and based in Vladivostok, 70 miles from Vostochny, OAO Novorossiysk Commercial Seaport or NCSP, which is based in Novorossiysk on the Black Sea and trades in London, and National Container Co. or NCC, the operator of St. Petersburg’s biggest container terminal.

Global Ports, which also handles more than one-quarter of fuel exports from Russia, raised $534 million in an initial public offering of global depositary receipts in London on June 24 and was 1.7 percent higher today for a market value of $2.39 billion. That compares with $1.66 billion for NCSP, which was down 3.7 percent after reporting seven-month cargo volumes fell 1.6 percent even as container traffic rose 51 percent.

The sale was the third in as many years by N-Trans owners Mishin, Konstantin Nikolaev and Andrey Filatov after Globaltrans and infrastructure unit OAO Mostotrest (MSTT), which floated in 2010.

Globaltrans is interested in acquiring stakes in state- owned OAO Russian Railways divisions OAO TransContainer and OAO Freight One, VTB Capital said in a note last month.

Following the unit disposals Russian Railways may consider a share sale from 2012 to raise funds for work including better port access, it said last year, when valuing itself at “several times” authorized capital of 1.5 trillion rubles ($48 billion).

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Russian Railway freight volumes climb by 3.7% 22. August 2011  

Railfreight traffic handled by Russian Railways (RzD) exceeded 105 million t in July, according to the latest freight statistics. This represented an increase of 2.4% over the same period last year, whilst turnover increased by 4.5%. Freight haulage in the first seven months of 2011 totalled 713.7 million t, up by 3.7% from the same period of 2010, and included 11.5 million t of containerised cargo, a 14.4% increase

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

RZD reports drop in first-half profits

Monday, August 22, 2011  

RUSSIAN Railways (RZD) made a net profit of Roubles 48.5bn ($US 1.75bn) between January and June this year, a fall of 17.1% compared with the first half of 2010. While overall income in the first half increased by 10% to Roubles 644.7bn and freight revenue rose by 7.8% to Roubles 498.7bn, passenger income dropped by 90% to Roubles 3.3bn. This was partly due to First Passenger Company starting operations on April 1 and suburban rail subsidiaries taking over virtually all suburban services on January 1.

Operating costs in the first half of this year increased by 14.8% due to stiff rises in commodity prices, while government financial support declined to Roubles 41.8bn. The bulk of this - Roubles 40bn - was government funding for infrastructure works associated with staging the 2014 Winter Olympics in Sochi.

"Despite all the uncertainty regarding the global economy, freight transport by rail is growing, although it has not yet recovered to pre-crisis levels," says RZD president Mr Vladimir Yakunin. "From January to July 2011, the volume of shipments reached 713.7 million tonnes, an increase of 3.7% over the same period of 2010, while tariff tonne-km rose to 1.22 trillion, a rise of 6.6%."

RZD carried 493.3 million passengers during the first half of this year, 3.1% more than in the same period of 2010. First half passenger-km grew by 1.3% to 78.2 billion.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Russian Military Railway Service

http://englishrussia.com/2011/08/20/the-russian-federal-military-railway-service/

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Russian Railways has drawn up a programme to develop the Eastern part of the Trans-Siberian and Baikail-Amur Railways, to overcome infrastructure limitations.

Under the programme, the following core projects are to be carried out from 2011 to 2015:

Overhauling several track sections

Rebuilding engineering structures;

Reconstruction and development of stations and rail hubs;

Reinforcing power supply equipment;

Modernising signalling and communications equipment

Total investment in developing the Trans-Siberian is estimated at 193 billion rubles in 2010 prices, net of VAT.

The main obstacle to full-scale implementation of plans to develop and modernise the existing rail network in the Far East and East Siberia is the lack of financing.

Due to the large scale of the tasks involved and the substantial need for investment, Russian Railways considers this work to be ‘impossible without state support’.

The Eastern rail network encompasses the Siberian and Far East Federal Districts, and includes the Far East, Trans-Baikal, Krasnoyarsk, and East Siberian Railways.

This currently represents 21% of the operational track length of the Russian railway network, 31% of network-wide freight turnover, with around 36 million ton/km of freight traffic density per km.

During 2010, the volume of eastbound export freight carried by the network was 95.6 million tons, representing an increase of 20.7% from 2009.

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Brunswick Rail raises a further $120 million from EBRD and IFC

 23.08.2011    

Brunswick Rail, Russia’s railcar operating lessor, has raised an additional USD 120 million via an increase of originally USD 300 mln EBRD and IFC loan facilities.  The company also improved operational flexibility and loan facility terms in general, which reflects Brunswick Rail’s solid business performance. The additional funds will be used to finance the purchase of new freight railcars in order to meet demand from the company's corporate clients.

The additional USD 120 million were provided by the senior lenders and participants in both facilities.  At the same time, lenders agreed to introduce further operational flexibility for both facilities.

The provision of the additional USD 120 million and improvement of the loan terms reflect Brunswick Rail’s strong operational results and current Russian rail freight market conditions. The company has already invested the funds provided in December 2010 into the acquisition of more than 6,000 railcars. In addition, the terms of Brunswick Rail’s existing leasing contracts were improved due to favourable market conditions and high demand for railcars.

Brunswick Rail CEO and Managing Partner, Vladimir Lelekov, said:  “This additional funding from the EBRD and IFC will enable us to continue to finance our significant fleet investment programme as we aim to take advantage of a growing trend by many of Russia’s leading industrial and transport companies to shift from owning rolling stock to leasing it under operating lease contracts.  Despite the current unrest in the world economy, we see good growth potential in the Russian rail market, where penetration of operating leasing is still low compared to the United States and Europe.”

The EBRD is the lender of record for the full USD 290 million under an EBRD A/B loan structure, and has used its own funds to provide an eight-year A loan of USD 160 million. The IFC is the lender of record for the full USD 130 million under an IFC A/B loan structure, and has used its own funds to provide an eight-year A loan of USD 50 million.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Monday, August 22, 2011

RUSSIAN Railways (RZD) made a net profit of Roubles 48.5bn ($US 1.75bn) between January and June this year, a fall of 17.1% compared with the first half of 2010. While overall income in the first half increased by 10% to Roubles 644.7bn and freight revenue rose by 7.8% to Roubles 498.7bn, passenger income dropped by 90% to Roubles 3.3bn. This was partly due to First Passenger Company starting operations on April 1 and suburban rail subsidiaries taking over virtually all suburban services on January 1.

Operating costs in the first half of this year increased by 14.8% due to stiff rises in commodity prices, while government financial support declined to Roubles 41.8bn. The bulk of this - Roubles 40bn - was government funding for infrastructure works associated with staging the 2014 Winter Olympics in Sochi.

"Despite all the uncertainty regarding the global economy, freight transport by rail is growing, although it has not yet recovered to pre-crisis levels," says RZD president Mr Vladimir Yakunin. "From January to July 2011, the volume of shipments reached 713.7 million tonnes, an increase of 3.7% over the same period of 2010, while tariff tonne-km rose to 1.22 trillion, a rise of 6.6%."

RZD carried 493.3 million passengers during the first half of this year, 3.1% more than in the same period of 2010. First half passenger-km grew by 1.3% to 78.2 billion

 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Rossiiskie Zheleznie Dorogi (RZhD – the Russian State Railway) hopes to complete the share sale of its Freight One cargo subsidiary by the end of September 2011, the St Petersburg Times reports, quoting company president Vladimir Yakunin. The aim is to sell off 75% minus two shares in Freight One, which operates about 21% of Russiaâ’s freight rolling stock. RZhD is one of several state-owned entities that the government wants to wholly or partially privatise by 2017. The government, Yakunin explained, will decide what and when to sell, but said the sale of a majority stake in Russian Railways itself was unlikely and

cautioned against a breakup of the monopoly.

President Dmitry Medvedev has called for the privatisation process to accelerate.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Oktogo.ru Started Cooperating With Russian Railways Service

Oktogo.ru, online hotel booking service, and Company Russian Railways (JSCo RZD) that operates Russian Railways’ service centres signed an agreement whereby Oktogo.ru will offer its database of Russian and foreign hotels to ticket offices located at Railroad stations throughout Russia.

Russian Railways Service centres opens at railway stations across Russia in order to provide passengers with a wide range of complementary services – from ordering of transport tickets and taxis to hotel bookings and organization of guided tours.

This summer by virtue of the agreement between Oktogo.ru and Russian Railways’ service the hotel database of service centres has been complemented by new hotels. Customers of service centres now have an access to the richest database of Russian and CIS hotels – 2,000 – and about 100,000 hotels worldwide in over 80 countries. Travellers will have a chance to book hotel rooms via Oktogo.ru at prices set by hotels without any extra service fees.

“We are pleased to cooperate with Oktogo.ru and we hope that the service of hotel booking via Oktogo.ru will be launched in all Russian Railways’ service centres in the nearest future,” says Mr Alexei G. Abramov, Deputy General Director Russian Railways Service. “For now this service is available to customers of Moscow-based service centres, as well as service centres in Nizhny Novgorod, Kirov and Chelyabinsk. Service centres in other the largest Russian cities will start working with Oktogo.ru shortly.”

“We are happy to offer this hotel booking service to customers of Russian Railways’ service,” says Marina Kolesnik, General Director at Oktogo.ru. “Quite often these customers are transit travellers whose plans have changed at the last moment, and the opportunity to find an adequate accommodation they can afford is essential for them. We are pleased that this service helps Russian travellers.”

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

The Company has drawn up a programme to develop the eastern parts of the Trans-Siberian and Baikal-Amur Railways which is aimed at eliminating the rail networks infrastructural bottlenecks.

In accordance with the programme, the following main projects will be implemented during the period from 2011 to 2015:

comprehensive reconstruction of the stretch between Karymskaya - Zabaikalsk with the electrification of the stretch between Karymskaya – Borzya

comprehensive reconstruction of 3,230 km of permanent way

reconstruction of permanent structures

reconstruction and development of stations, railway junctions and hubs, including Chita-I and Chita-II, Karymskaya, Belogorsk, Khabarovsk, Ussuriysk and Zabaikalsk

faster construction of energy-saving devices, including the modernisation of 55 traction sub-stations and the reconstruction of the catenary devices on 702 km of track

modernisation of signalling and communications, including equipping permanently operating automatic block signalling along 1,170 km of dual-track, fitting 26 stations with microprocessor equipment centralisation and constructing GSM-standard train, station, repair and operating radio communications

Total investment in the development of the Trans-Siberian Railway is estimated at 193 billion roubles in 2010 prices excluding VAT.

In addition, in order to handle the forecast traffic volumes to the ports of the Vanino- Sovetskaya Gavan hub, a series of measures will have to be implemented to increase substantially the through capacity of the Baikal-Amur Main Line.

These measure include completing the reconstruction of the stretch between Komsomolsk-on-Amur and Sovetskaya Gavan, with the construction of a new Kuznetsovsky Tunnel, the construction of second tracks with total length of 2,700 km and the development of the Vanino- Sovetskaya Gavan rail hub etc.

The main constraint in implementing fully the proposed activities for the development and modernisation of the existing railway network in East Siberia and Russia’s Far East is the lack of financial resources.

Given the scale of the problem and the significant amount of investment required, Russian Railways believes that solving these tasks without the appropriate government support will be impossible.

The eastern part of the rail network embraces Russia’s Siberian and Far Eastern federal districts, which are served by Far Eastern Railways, TransBaikal Railways, Krasnoyarsk Railways and East-Siberian railways.

These networks now account for some 21% of the operational length of railways in the Russian Federation, 31% of the country’s network freight turnover and around 36 million ton-kilometres per kilometre of network capacity.

In 2010, export shipments to Russia’s East was 95.6 million tons, an increase of 20.7% compared with 2009.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

Russian Railways has conducted a survey on the issue of smoking on trains and at stations.

The results showed that most passengers have strong opinions on smoking in non-smoking areas.

Passengers are most concerned about the problem of people smoking in carriage vestibules on suburban trains. Smoking in these vestibules is forbidden by law, but this ban is continually violated.

This worsens the travel conditions for passengers and results in litter left in carriages.

Three quarters of passengers strongly object to smoking in suburban train vestibules, and of those 27.3% are smokers who abide by the ban on smoking on suburban trains.

Respondents also expressed their opinions on methods used against smoking. The most popular measure would be to increase fines and establish means for enforcing them.

Passengers also expressed their hope that large-scale campaigns will be carried out to highlight the dangers of smoking, and their wish for ban on cigarette sales on trains and at stations.

A question was also asked on the possibility of banning smoking on platforms. Almost one half of respondents are in favour of such a ban, but with the creation of special zones for smoking.

The company says it plans to use the survey results in its work.

 
Tonymercury Sir Nigel Gresley

Location: Botany NSW

RGI-

Coal miner orders diesel locomotives

25 August 2011

RUSSIA: The Mecheltrans Vostok transport subsidiary of mining, metals and power group Mechel announced an order for 16 Sinara Transport Machines TEM8 diesel-electric locomotives on August 5.

They will be delivered in 2012-14 to operate a 315 km railway which Mechel has built to link its Elga Coal Complex mining development with the Baikal-Amur line.

The TEM8 will be a development of the TEM7A, adapted to suit the mountainous route and local climate, and powered by a GE Transportation 2 200 kW engine. The order is being financed by VTB Leasing.

 

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