Russia's TransContainer to buy US$75.7 million in rolling stock

RUSSIA's TransContainer plans to buy rolling stock worth RUB2.3 billion (US$75.7 million) this year, reports Moscow-based Interfax News Agency.

TransContainer operates 24,700 railcars and plans to add 1,300 to the fleet this year, comprising 80-foot flat cars to offset the rolling stock that will retire from service.

The 2010-2012 investment plan has been estimated at RUB18.9 billion. In 2009, TransContainer capital investment stood at RUB3 billion, spent on rolling stock and modernising terminals.

(Source: www.schednet.com)