Long-distance passenger numbers on the Russian Railways’ network increased by 8% in July 2016

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According to the latest figures, 96.5 million passengers were transported on the infrastructure owned by Russian Railways in July 2016, an increase of 0.5% on the same month last year. Long-distance passengers rose 8% to 12.5 million, although suburban passenger numbers fell 0.5% to 84 million.

Passenger turnover in July 2016 amounted to 16.1 billion passenger-kilometres, 7.2% more than in the same month of 2015.

In January-July 2016, a total of 580.4 million passengers travelled, 0.5% less than during January-July 2015. Long-distance passenger numbers amounted to 57.9 million, up 3.7%, while suburban passengers fell 1% to 522.5 million.

Since the beginning of 2016, passenger turnover on the network owned by Russian Railways has increased by 3.1% compared to last year and amounted to 69.9 billion passenger-kilometres.

Russian Railways and Italian State Railways sign memorandum on cooperation

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The President of Russian Railways, Oleg Belozerov, and the CEO of Italian railway company Ferrovie dello Stato Italiane Spa, Renato Mazzoncini, have signed a memorandum of cooperation in Rome.

The document is intended to promote cooperation between the two companies in the field of railway transport, in particular with regard to the development and implementation of joint projects in areas such as the construction of new and the modernisation of existing rail infrastructure and the provision of international transport and logistics services and products for international freight and passenger traffic.

Thus, according to the memorandum, the two parties will undertake the necessary efforts to increase the efficiency of the existing rail network in the Russian Federation and the Italian Republic, increase the competitiveness of rail transport and its operational safety and minimise its impact on the environment.

Russian Railways and the Italian state railway company Ferrovie dello Stato Italiane also intend to work on creating the conditions to attract additional traffic flows and improve tariff policy and information systems.

In addition, the parties agreed to promote the development of mutual contacts in the framework of international organisations, including the International Union of Railways, in order to ensure effective cooperation between the railway systems using the narrow gauge 1435 mm track and the 1520 mm broad gauge lines.

The sides expressed an interest in developing cooperation on projects for high-speed rail links as part of the programme to organise high-speed rail transportation in the Russian Federation.

In addition, the document provides for cooperation in the field of scientific research and the technological and innovative development of railways, as well as cooperation on the markets of third countries.

“In order to achieve greater efficiency in transporting goods and passengers, the railways of different countries must work as a single integrated mechanism. The memorandum that we signed with Italian colleagues is yet another bridge in the development of railway communications not only between our two countries, but also across the European continent,” commented Oleg Belozerov.

Board of Directors of Russian Railways praises Company’s activity in 2015 to improve efficiency

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The Board of Directors of Russian Railways has conducted a review of the Company’s performance in 2015.

“We discussed the results of our work at Russian Railways in 2015. Despite the difficult economic situation, the Company improved its key performance indicators, maintained reliability and stable operations and made profits and dividend payments to the budget by increasing efficiency. The Board of Directors gave the Company a positive assessment. We hope that the government will support our findings,” said Arkady Dvorkovich, Chairman of the Board of Russian Railways and Deputy Prime Minister of Russia, after the meeting.

In his turn, the President of Russian Railways Oleg Belozerov noted that the Company had reduced costs in 2015 and thus achieved savings of 39.8 billion roubles. In addition, revenues from the sale of subsidiaries amounted to 19 billion roubles.

“We have increased our revenue base and reduced expenditure across virtually all areas of our work,” said the Company’s President.