RZD Reported H1 2016 Financials
OAO RZD reported its H1 2016 results. The company received net profit of 28.6 B RUB (432.6 M USD, +56% to H1 2015). The revenue was only +4% at 771.5 B RUB (11,7 B USD). The freight transportation revenue was 619.5 B RUB (9.4 B USD, +3.6%); long-distance passenger transportation revenue was 6.9 B RUB (104.4 M USD, +30%), transit passenger transportation revenue was 288 M RUB (4.4 M USD, +43.2%). COGS is 5% up to 702.6 B RUB (10.6 B USD). Long-term obligations reduced 9.9% to
Ukrainian Railways Reform Plan Unveiled
Ukrainian Railways Chairman Wojciech Balczun unveiled his plan of the company’s reform, the RZD-Partner reports. The plan requires stronger support from the Government and granting wider autonomy of actions to the Ukrainian Railways management. First, HR questions have to be settled by the company’s management. In particular, it means possibility of firing incompetent personnel, early pension as part of the HR optimization, revision of the corporate social obligations. Second
Russian Government Approved Special Infrastructure Tariff for Transit
Russian Government approved a special tariff for use of rail infrastructure in transit operations. This decision is to “foster efficiency of the transit passenger railway operations and ensure profitability of the transit passenger companies, accessibility of the transit railway transportation and reduce the load onto regional budgets”, the Government commented. The special rate of 0.01 factor of actual price is valid until 2030. In 2015 the Government granted OAO RZD 33.7 B
Details of the St. Petersburg 519-M USD Tram Project Unveiled
Details of the St. Petersburg tram development project are unveiled, the RZD-Partner reports. Transport Concession Company (TCC), the winner in the city tender for tram refurbishment, has submitted 10 requests to St. Petersburg Investor Office for tram sites, the RZD-Partner reports. By 2018 TCC is to rebuild 14 km of tram lines, build 40 stopping points and establish an automated transport management system at crossings. Furthermore, the concessioner would buy rolling stock,
Ukrainian Railways Signed MOC with GE on Loco Modernization
Ukrainian Railways and GE signed a memorandum of cooperation, the RZD-Partner reports. The MOC was signed by Ukrainian Railways Chairman Wojciech Balczun and GE Transportation Marketing Director Adem Saglik. In compliance with the MOC, GE is to offer Ukrainian Railways technical support in working out diesel locomotive modernization solutions. “I am sure that cooperation with such powerful company as GE will allow us to speed up modernization processes and establish economica
German Initiative High-Speed Mainline Offer to RZD
The Kommersant published details of the German offer for the Moscow - Kazan high-speed railway. In particular, the German Initiative Consortium offering HST technologies to Russia is ready to enter the OAO RZD capital and attract over 2 B EUR from Euler Hermes export agency. On July 6 OAO RZD management met with Dr. Dietrich Möller, Siemens President - Russia & Central Asia, to discuss “opportunities of offering loans by German financial organizations - starting with 1.5 B EU
St. Petersburg Announced Tender for LRV Concept Update
St. Petersburg Government announced a tender for light rail vehicle (LRV) concept update, the RZD-Partner reports. The starting price of the contract is to be 13 M RUB (205 K USD). De facto, the “update” means providing a detailed analysis of the project. The winner of the tender is to consult St. Petersburg Government on updating the LRV justification study. Furthermore, the Government expects to get a forecast of the passenger turnover in 2016 - 2045, independent evaluation
Moscow to Announce Tender for 50 Trams in July
Moscow to announce a tender for 50 trams, the Gudok quotes Deputy Mayor Maxim Liksutov. The trams are to be supplied within three years. “We are ready to announce the tender next week”, Mr. Liksutov said. “Under the tender, not less than 50 three-section trams would be supplied within three years. The customer will require the manufacturer to provide daily maintenance during the tram life cycle - 30 years”. The trams will be bought solely from Russian manufacturers - that was
Russia Defines Criteria of “Innovative Freight Car”
Russia keeps on defining criteria for freight car “innovativeness”, the RZD-Partner reports. This question was discussed at the meeting chaired by Vice Prime Minister Arkady Dvorkovich. The minutes of the meeting states that increased axial load (up to 25 t) is to be considered the innovativeness criterium. This question is so important to Russian freight car manufacturers as the Government has recently approved certain benefits that a customer of an innovative freight car re
St. Petersburg to Announced Tenders for 228 Metro Cars
St. Petersburg is to announce tenders for 228 metro cars, the Vedomosti reports. The reason is that the current supplier, Vagonmash, does not meet deadlines. The tender for 48 metro cars was finalized in February 2015; Vagonmash was announced the winner. However, the contract was signed in two months after that as another bidder, OEVRZ, filed an antimonopoly claim. Furthermore, St. Petersburg Administration was not signing the contract before Kirovsky Plant entered Vagonmash’
