Indian operator Vodafone Idea’s Rs 5,400 crore (about $645.5 million) offer of shares to anchor investors was fully subscribed on Tuesday.
Category: investment
Poland to invest over a billion euros in Silesia rail infrastructure
The Polish rail Infrastructure Manager PKP PLK will invest over a billion euros in rail infrastructure. The operator signed contracts for rail upgrades in the country’s southern region of Silesia. With the investments, Poland hopes to reduce traffic congestion and improve connectivity on TEN-T corridors. PKP PLK signed two contracts with a value of over…
CKU line to cost Kyrgyzstan 8 billion dollars
Kyrgyzstan will need to spend 8 billion dollars on the China-Kyrgyzstan-Uzbekistan (CKU) rail line. Funding is the main obstacle to the construction of the route. Kyrgyzstan has not yet been able to find enough money to complete its part of the route. Akylbek Zhaparov, the head of the Kyrgyz cabinet of ministers, provided an update…
Russia to spend an additional trillion rubles on ‘Eastern Polygon’ lines
Russia will spend an additional one trillion rubles (10 billion euros) on the Trans-Siberian and Baikal-Amur railway lines. The extra financial injection is part of an infrastructure upgrade plan in Russia’s Far East. On 27 March, Russian Railways and the Russian transport ministry agreed on a framework for upgrades until 2035. The Russian transport ministry,…
Russian Railways’ revenue grows to 3 trillion rubles in 2023
Russian Railways’ (RZD) revenue has grown to 3 trillion rubles (30 billion euros) in 2023. This is an increase of 16 per cent. The growth in revenue is mostly driven by higher income from freight transportation and track access charges. RZD’s head presented last year’s financial data at a meeting with Russia’s transport ministry on…