Russian Railways recapitalised to fund Trans-Siberian modernisation

russian railways badgeRussian Railways recapitalised: The Russian government has ordered the authorised capital of Russian Railways to be increased to help pay for the the modernization of the Trans-Siberian and Baikal-Amur railways, it was announced today. Earlier this year, Russian Railways unveiled plans to add a 105-mile detour to the Trans-Siberian Railway to the south of Lake Baikal in order to increase its capacity to carry both passenger and freight trains. The new section is expected to require the construction of six tunnels and to cost an estimated RUB114bn. Kommersant