Government to Subsidize Four RZD Projects at 530.7 M USD

The Russian Government is to subsidize OAO RZD at 31.58 B RUB (530.7 M USD), the Interfax reports. The funds will be invested into four projects - Moscow infrastructure development, Moscow - Kazan high-speed railway, construction of Ukraine and Krasnodar rail bypasses.

The funds will be allocated from the federal budget; a respective Government Order is to be adopted in the near future.