RZD 2016 Loco Acquisition and Modernization Results

OAO RZD published some preliminary results for 2016, the RZD-Partner reports. It primarily concerns OAO RZD investments into rolling stock.

The company’s investment program is 399.4 B RUB (-3% to plan).

OAO RZD is to buy 495 locomotives (500 in 2015) at 68.3 B RUB.

The company is to modernize and extend life of 1608 locomotive sections, including 1016 diesel and 592 electric locomotives.