Home | Russian

Our projects

JSC "Russian Railways" will participate in "EXPO-RUSSIA ARMENIA"

About the company:

 1. 100% government-owned rail monopoly with full state backing & guarantee

2. Ambitious strategy of reform, modernisation & investment up to 2010 and beyond

  •  Phase I of the Reform Programme (2002-3) successfully completed
  •  Phase II of the Reform Programme (2003-5) on track: elimination of cross-subsidies
  •  Phase III (2006-2010): possible privatisation of Russian Railways and/or some of its subsidiaries
  •  Massive Investment Programme:
      • Renewal, modernisation & purchase of track & rolling stock, including high-speed trains
  •  Increased competitiveness and productivity
  •  Opening up rail transport to increased competition from private operators
  •  Financial and operational openness and transparency
  •  Expansion of East-West & North-South Eurasian transport corridors to:
      •  integrate Russia into the global economy
      •  increase revenues
      • reduce shipment costs across Eurasia and cut transit times by 15-17 days compared to sea route

3. Strategic player in the Russian economy

  • Accounts for over 3.6% of Russia’s GDP, handles around 80% of all transportation in Russia
  • Handles 40% of all freight in Russia by turnover and over 41% of passenger rail transport
  • Handles about 83% of all freight in Russia (excluding oil by pipeline)
  • 1.3 billion passengers, 1.3 billion tons of freight annually

4. One of the biggest railway companies in the world

  • 85,500 km of track (second only to the USA) covering Russia’s 11 time zones
  • 1.2 million employees, 987 enterprises and 165 subsidiaries
  • Research institutes and & support organisations guarantee the company’s operations and viability

5. Excellent financial position

  • Authorized capital of RUR 1.535 trillion (over USD 50 billion) with strong cash flows and low debt ratio
  • Russia’s 4th largest company by revenue - RUR 652.8 billion (over USD 22.6 billion) in 2004
  • One of Russia’s most profitable companies - net income of USD 2.7 billion in 2004
  • Investment Grade Bonds and highest international credit ratings of any Russian company
  • First Russian company to be classed as investment grade by all three international rating agencies
  • Strong growth going forward on the back of continued economic growth in Russia

6. Productivity internationally competitive

  • 10.1 employees per kilometre of track compared to Japan at 8.9, China at 26.6 and India at 24.9
  • Excellent labour relations: never had a strike
Все новости