Russian Railways investment program to exceed 900 bln rubles in 2025 owing to remaining funds at end of 2024 - CEO Belozerov

MOSCOW. Feb 11 (Interfax) - Russian Railways plans for its investment program to exceed 900 billion rubles in 2025 owing to the remaining funds at the end of 2024, RZD CEO Oleg Belozerov said during an interview with Rossiya 24 TV.

"You have named the figure [890 billion rubles] absolutely fairly, and this is what the government and the board of directors have approved. Meantime, we have some carry-over balances from 2024, and we will clarify the figure. It should exceed 900 billion rubles, which is what we must invest in Russian Railways this year," Belozerov said.

As reported, Russian Railways' investment program has been approved at 890.9 billion rubles for 2025 compared to around 1.275 trillion rubles in 2024. Actual implementation of the investment program for 2024 has not yet been announced.