Russian Railways has corrected parameters and forecasts of its long term development program till 2025. Its volume for the whole period is 8.8-10 trillion rubles, net profit will grow to 116-245 billion rubles and loading will grow by 2.4-3.6% , Vadim Mikhailov the first deputy general manager informed about it.
He reminded that the work on the program has been in progress since the beginning of this year. Some variants have been considered and now the document is completed. The tasks set in the May decrees and annual address of the president Vladimir Putin to the Federal Assembly as well as in the complex plan on modernization and expansion of the backbone infrastructure in 2019-2024 have been taken into consideration.
Russian Railways have prepared two scenario of the development program: goal-oriented and conservative. Cargo-turnover according to the conservative scenario will grow by 2.9% and according to the goal-oriented scenario by 4.4%. “These figures will guarantee implementation of the president’s decrees with regard to increase of GDM per capita 1.5 times till 2024. Anyway annual average rate of growth of cargo turnover is in advance of annual average rate of growth of GDP in both scenario of the long term program” Mikhailov explained.
According to the goal-oriented scenario the revenue will grow 1.7 times till 2025, the investments will grow 1.7 times as well, and EBITDA will grow 2.7 times and reach 746 billion rubles, EBITDA margin – 33% per goal-oriented scenario and 25% per conservative scenario.
Source of information: «Prime»