During 2010-11, RZD will renew 20,000km of track (3200km of which will
be totally rebuilt), and around 800km of electrification equipment.
Roubles 72 billion has been allocated for the acquisition of new

RZD says that despite the increased investment activity this year,
sources of finance remain severely restricted. Profits are entirely
dependent on the tariff indexing level and on the company's ability to
reduce costs.

Yakunin warned that under even the most optimistic forecasts
railfreight will not recover to pre-crisis levels until at least 2013,
and is unlikely to reach 2008 levels until 2015.