Sverdlovsk Region Railways cut investments

Sverdlovsk Region Railways (Russian Railways Public Company’s subsidiary) had to cut back on its investments program by 28% in 2009 compared with a year earlier, so now our investments only amount to 15.6 billion RUR,’ Head of Sverdlovsk Region Railways Vladimir Suprun announced at a press conference in Yekaterinburg.

Suprun explained the decision had been taken because of the entire country’s general economic difficulties.

Meanwhile, according to the official data available, the company’s investments plan provided for about 10 billion RUR worth of investments in 2007 and about 2.5 to 3 billion RUR in 2006 and the earlier years.

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