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.