MOSCOW, November 10 (RIA Novosti) - Railroad monopoly Russian Railways (RZD) is planning to allocate $5.6 billion for investment projects, Transportation Minister Igor Levitin said Thursday.
"RZD is planning to invest $5.6 billion in 2006, which is 8.6% more than in 2005," the minister said during a cabinet meeting on RZD's investment program and financial plan for 2006-2008.
The company plans to increase revenues by 8.2% in 2006, 9.3% in 2007, and 7.3% in 2008.
At the same time, the depreciation rate of main assets is expected to reach 65% by the end of 2005 and drop to 52% by the end of 2008 due to higher competitiveness and the procurement of new equipment.
