With declining traffic and volumes the current condition of Russia's railfreight market reflects the poor state of the Russian economy. Alexander Polikarpov, deputy head of the Railway Research Department, at Russia's Institute of Natural Monopolies Research (IPEM), looks at how this situation has come about and considers the prospects for an upturn in fortunes.
THE president of Russian Railways (RZD), Mr Vladimir Yakunin, says he wants to get back into the business of running its freight trains and that splitting up the fleet between the new companies which were spun off from RZD was a mistake.
RUSSIAN private railfreight operator Globaltrans has signed a Roubles 2.5bn ($US 76.7m) seven-year loan agreement with the European Bank for Reconstruction and Development, which will help it to fund 10,000 new wagons and the acquisition of new locomotives when the liberalisation of the Russian locomotive market is completed.
Russian private freight operator Globaltrans' purchase of the railway assets of mining company Metalloinvest reflects the increasing liberalisation of the Russian freight market, as chairman Alexander Eliseev (pictured) explains to Kevin Smith.