Russia’s railway transportation system is in a crisis, with no money to keep it running.Transport Minister Mikhail Zheleznofeyev told reporters on Tuesday that Russia’s budget for the next year is $1.3 billion.In March, the government cut spending by nearly 20 percent.Russia’s transport system is also suffering from a severe shortage of trucks, which means that…
The average price of a train ticket in China, according to the Ministry of Public Security, is $300, while in Russia, the average ticket is about $180.China is now looking to double that average for its rail transport costs, according a report by the Ministry.China plans to spend $600 billion on rail transport over the…
Transport systems across Europe are often the most dangerous in the world, with trains regularly carrying up to a dozen tonnes of carbon dioxide into the atmosphere.With the threat of climate change now a real threat, Europe has decided to look at how to reduce the amount of CO2 emitted by rail transport, and to…
The Russian railways, in particular, are often considered the engines of growth for the country’s economy.They provide cheap, reliable and convenient transportation of freight, passengers and goods across vast distances.Russia’s railroads have been an important player in the global economy since the late 19th century.Today, they transport more than 100 billion passengers annually and support…
The railways are in a race against time to tackle the rail sector’s biggest challenge of the century, the shortage of passenger rail services, a leading railway executive said on Wednesday.Railway chief general manager, Gopal Subramanium said the railway sector had a long way to go, but that the country’s railways were like the big…
Russian rail transport cost has risen by a fifth to $9.85 per passenger over the past three years.That’s on top of the $10.85 charge Russia had to pay for the last time to recover the $3.4bn bailout from the International Monetary Fund in September.The increase comes as Russian companies are also losing money from falling…