Second Freight buys new railcars
Second Freight Co., a subsidiary of the Russian Railways, will spend more than 3.5 billion euros (about $4.5 billion) to buy new railcars.
'The Second Freight Co. should become a universal operator of its own rolling stock, engaged in all types of deliveries throughout the Russian rail network,' Russian Railways President Vladimir Yakunin said in a statement.
About 180,000 railcars will be transferred to Second Freight from the Russian Railways fleet in a staged process.
Yakunin also said the company will buy more than 76,000 new carriages and modernize more than 61,000 carriages by 2015, at a cost of more than 140 billion rubles (about $3.5 billion). 'This will bring down the average age of the Second Freight Co.'s carriage fleet from 22 to 15 years by the end of 2015,' he said.
Second Freight buys new railcars