Road and Rail
Company Overview of Open Joint Stock Company Russian Railways
Open Joint Stock Company Russian Railways, together with its subsidiaries, provides rail transport services in the Russian Federation. The company offers long-distance and suburban passenger transport, freight transport, logistics, forwarding agency, and telecommunication services, as well as engages in trading activities. It also engages in the construction of residential buildings and infrastructure facilities; research and development; supply of rolling stock, railway equipment, and spare parts; extraction, processing, and sale of nonmetallic minerals; repair and maintenance of rolling stock; and manufacture of electrical engineering equipment. The company was founded in 2003 and is based...
Novaya Basmannaya Street, 2
Founded in 2003
Key Executives for Open Joint Stock Company Russian Railways
Chairman of Management Board
Head of The Corporate Finance and Member of The Management Board
Member of The Management Board and Director of The West Siberian Railway
Head of Public Relations and Member of the Management Board
Compensation as of Fiscal Year 2013.
Open Joint Stock Company Russian Railways Key Developments
Russian Railways and Dagestan Signs Agreement to Cooperate on Projects to Reconstruct Railway Stations
Dec 12 13
Russian Railways and the republic of Dagestan in south Russia have signed an agreement to cooperate on projects to reconstruct railway stations. The agreement was signed in Moscow on December 6, 2013 by Sergei Abramov, Head of the Directorate of Railway Stations, a branch of Russian Railways, and Ramazan Abdulatipov, President of the republic of Dagestan. The two sides have agreed to the joint implement of a project to reconstruct railway stations in Dagestan, set up transport hubs at the stations and improve the adjacent areas. The document notes that the transport hubs will be built using innovative technologies that ensure the comfortable and safe transfer of passengers from one mode of transport to another. A range of measures will be implemented on the adjacent territory in order to develop social and business
functions, including transport organization. Parking zones will be set up around the stations, as well as stops for both municipal and intercity transport to ensure smooth passenger access to the railway stations. Both sides will take action to ensure comprehensive security and improve the arriving conditions at the transport hubs for people with disabilities, passengers with children and the elderly.
Russian Railways Reports Group Earnings Results for the First Half Ended June 30, 2013
Dec 10 13
Russian Railways reported group earnings results for the first half ended June 30, 2013. The groups total revenues for the six months ended 30 June 2013 increased by 13.4% year-on-year to RUB 814.8 billion from (RUB 742.5 billion for the six months ended 30 June 2012). The relative increase in revenue was mainly explained by consolidation of logistic operator GEFCO in the first half of 2013. The Group generated EBITDA of RUB 181 billion comparing to RUB 204 billion a year ago. The groups net profit reduced from RUB 73 billion in the first half of 2012 to RUB 31.7 billion in the first half of 2013 mainly due to unfavorable market conditions over the reporting period, which had a negative effect on rail cargo transportation volume and on yield of rail transportation services with higher share of low-margin cargos. The amount of the groups capital investments for the 6 months ended 30 June 2013 has increased to RUB 263.7 billion comparing to RUB 214.9 billion a year ago.
Russian Railways to Invest $1.5 Billion in Expansion of Railway Access to Ust-Luga Port
Dec 6 13
Russian Railways plans to invest in development of near-dock and off-dock railway access to the port of Ust-Luga
at least RUB 50 billion (nearly $1.5 billion) until 2016.
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