Russian Railways
Transportation
Web-site: eng.rzd.ru/
RZhD owns second largest rail network in the world with 85,200 km of track — 43,000 km of which are electrified. The company carries over 1.1 billion passengers and 1.1 billion tonnes of freight annually across 11 time zones. It is responsible for 43% of Russia’s total freight traffic (including pipelines) and more than 41% of passenger traffic. RZhD employs over 1 million people. (Source: eng.rzd.ru)
The Russian Federation is the sole shareholder of RZhD.
Financial results (IFRS, first half 2010):
Revenue: 650.97 billion rubles
Net income: 110.49 billion rubles
Headquarters: Moscow, Russian Federation
Sberbank whizzed past Mobile TeleSystems to become the strongest Russian brand in the world, according to an annual global brands ranking. The nation's largest bank was among the fastest risers on the list, jumping 25 spots to 74th place.
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Investment and trading group Summa has agreed with businessman Sergei Generalov to buy control of transportation group FESCO for about $1 billion.
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A plan for financing a high-speed rail link between Moscow and St. Petersburg indicates that government spending on tracks for the project could reach as much as $35 billion.
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Shortly before ending his term as prime minister, Vladimir Putin signed an order stating that cellular communications operators need to provide coverage along federal highways by the end of 2013.
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Freight firm Globaltrans Investment is buying the railcar unit of iron-ore miner Metalloinvest for $540 million, boosting its fleet to about 60,000 units, it said Friday, as it forecast more consolidation for the sector.
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Prime Minister Vladimir Putin on Thursday agreed to consider allowing Russian Railways to recoup its investments through higher cargo rates.
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