... spending on tracks for the project could reach as much as $35 billion. A version of the plan developed by the working group for the project has already been approved by the Finance Ministry and the Economic Development Ministry, general director of Russian Railways daughter company High-Speed Rail Lines Denis Muratov said, Gazeta.ru reported Thursday. The plan would split project funding between the government and private investors 70-30, with the base funds to be spent within 4 1/2 years, Muratov said...

... elaborate on that," he said. More than 70 percent of Russia's freight rail fleet is now privately owned, Globaltrans said in a presentation. This follows the privatization of rail cargo operator Freight One, which had been controlled by Russia's railway monopoly Russian Railways until tycoon Vladimir Lisin won the auction for 75 percent of the asset last year. A decade ago, cargo owners relied on Russian Railways as the main fleet provider, but this has shifted to a reliance on operators —...

... with obvious signs of trauma and head injuries. It was later discovered that the body belonged to a 30-year-old engineer from a construction company in Moscow. The engineer just happened to be an amateur photographer with a penchant for photographing railway lines, and this is precisely what he'd been doing when he was killed. According to investigators, the man arrived in Krasnoufimsk on May 7 with the hopes of photographing railway equipment and the railway line from Krasnoufimsk to Chyornaya Rechka...

Following through on his election promise, President Vladimir Putin visited Uralvagonzavod on Thursday, having announced a bundle of state orders worth up to 25 billion rubles ($833 million) for the Siberian manufacturer of battle tanks and railway cars. Following through on his election promise, President Vladimir Putin visited Uralvagonzavod on Thursday, having announced a bundle of state orders worth up to 25 billion rubles ($833 million) for the Siberian manufacturer of battle...

... will make the seven-hour trip daily in each direction, departing at 7:03 a.m. from Tallinn and 7:32 p.m. from St. Petersburg. The ticket costs 25 euros ($31). The Tallinn-St. Petersburg link was suspended over a lack of profitability in 2008. Russian Railways offers direct service to Tallinn from Moscow. (MT)

... fishing are the largest industries in the city, which trades extensively with neighboring Norway and Finland. Founded in 1916, Murmansk was officially the last city created under the Russian empire. It was originally a railroad settlement on the Murman railway, built during World War I to stretch from Petrozavodsk to the potential naval base on the coast of the Barents Sea. Major Businesses Murmansk Shipping Company (15 Ulitsa Kominterna, Foreign Trade and Financial Service Division, +7 815-248-1033...

... and Tourism Metro English College English language Courses: • General and Academic • Cambridge Fist Certificate in English (FCE) GCA Campus Facilities: • Modern Building • Natural Light in all Classrooms • Close to Transport — Opposite Redfern Railway Station* *The same station used by Sydney University • Student Lounge: - Free WIFI - Cable TV - Recreational Facilities Learning Support: • Smart Boards (Interactive White Boards) in every Classroom • MyGCA "On-line student administration...

... Transcontainer. The deal follows a slump in FESCO's earnings last year to $19 million despite 29 percent growth in revenues to $1.03 billion. Generalov became a seller after failing to secure control over Transcontainer, whose majority owner, state-owned Russian Railways, asked the government last year to delay the sale of its stake due to poor market conditions. FESCO announced last week that it had agreed to sell rail operator Transgarant to privately held Neftetransservis for a total consideration of $650...

... real estate than transportation — last September he was elected president of the Guild of Managers and Developers, an association of real estate developers — so it is possible that he has been recruited to oversee the ambitious road- and railway-building programs the ministry launched under his predecessor. Before joining the federal government, he did a stint in the St. Petersburg government's committee for investment and strategic projects, and later as chairman of the committee for...

... last winter. Misharin stepped down “at his own request” for health reasons, the Kremlin said in a statement, although analysts said he was likely pressured after his reputation was tarnished by the accident. Misharin, 53, a former deputy railway minister who had headed the Urals industrial region since 2009, was in a Mercedes driven by driver Dmitry Cherkasov, when it struck a Volga in December, killing driver, Yury Druzhinin. Misharin and Cherkasov sustained severe injuries, and Misharin...

... overloaded with freight traffic between the two cities. Until the opening of the Aeroexpress rail link in 2010, it was also the only way to Sheremetyevo Airport, which lies on the road’s eastern side just north of Khimki. Since the opening of the railway line in 2010, passengers trying to get to Sheremetyevo have been able to avoid the multihour traffic jams, but the road remains heavily congested. The sense of spending a lifetime in Leningradka’s traffic jams was memorably summarized by...

... 1992, has significantly more assets than Sberbank — $1.87 trillion as opposed to Sberbank's $337.3 billion — but its global brand ranking is below its Russian competitor at 82nd place. Other Russian brands, including Aeroflot and Russian Railways, have also recently undertaken rebranding efforts but so far failed to make it to the top 100. MTS slid in the rankings despite reporting a 59 percent increase in its first-quarter net profit earlier this week. The company explained the fall...

... The Communications and Press Ministry will be responsible for carrying out the instructions. The Transportation Ministry will have to build access roads to antenna towers, and the Energy Ministry, with the help of the Federal Grid Company and Russian Railways, is mandated to supply electricity for the project. The government has allocated 2 billion rubles ($67 million) to help alleviate the costs of providing access and electricity. This is the same process by which mobile service was set up for the...

... since the Concession Law has the role of acting as the main legislative framework for PPP projects in Russia. The Concessions Law applies to most types of infrastructure, including, inter alia, roads and roadside service facilities, public transport, railways, pipelines, sea and river ports, airports, hydraulic structures, public utilities, as well as medical, educational, cultural, sports and tourism facilities. However, prior to the latest changes, widespread use of the Concessions Law was impeded...

... the free float in these companies will be reduced if the valuations remain at current levels. Another segment of deals on the Russian market that is not accessible by ordinary bankers and will probably never happen is spinning off Gazprom's or Russian Railways' non-core assets and "unbundling" two monopolies. Such "unbundlings" are not going very well in the Russian corporate universe, however. It's been 20 years since Soviet assets were first reshuffled back and forth between various...

... "krasny yar," which mean "beautiful shore." The city was founded as a military prison by Cossack voivode Andrei Dubensky in 1628 and obtained city status in 1690. The turning point in its history was in 1895 when the Great Siberian Railway — now the Trans-Siberian Railroad — linked Krasnoyarsk to the biggest Russian cities and facilitated its fast growth. In 1976, Astafyev — who lived here for the last 20 years of his life — noted in one of his best-known...