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Russian Railways to invest $18.9 billion in 2006-2008

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MOSCOW, November 9 (RIA Novosti) - Russian Railways, the country's state-owned railway monopoly, plans to spend $18.9 billion in 2006-2008 through its investment program, which the Russian government will discuss Thursday, a government source said Wednesday.

The company's subsidiaries will invest $298 million over the next three years.

The Company's investment program for 2005 totaled around $5 billion after adjustments.

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