Russian Railways
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— a new Russian high-speed train.
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| Reporting mark | RZD, RZhD |
|---|---|
| Locale | Russia |
| Dates of operation | 1992–present |
| Predecessor |
Russian Ministry of the Means of Communication (MPS of Russia) (1992-2004) People's Commissariat/Ministry of the Means of Communication (Soviet Union) (1923–1991) People's Commissariat of the Means of Communication (Russian SFSR) (1917-1923) |
| Track gauge |
1,520 mm (4 ft 11 27⁄32 in) 1,067 mm (3 ft 6 in) (on Sakhalin Island) 1,435 mm (4 ft 8 1⁄2 in) (from Kaliningrad to Russian-Polish border) |
| Electrification | 3 kV DC, 25 kV AC Main |
| Length | 86,000 km (53,000 mi) |
| Headquarters | Novaya Basmanaya 2, Moscow |
| Website | www.rzd.ru |
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| government owned | |
| Industry | rail transport |
| Predecessor |
Russian Ministry of the Means of Communication (MPS of Russia) (1992-2004) People's Commissariat/Ministry of the Means of Communication (Soviet Union) (1923–1991) People's Commissariat of the Means of Communication (Russian SFSR) (1917-1923) |
| Founded | 2003 |
| Headquarters | Moscow, Russia |
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Area served
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Russia |
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Key people
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Oleg Belozyorov (President) Arkady Dvorkovich (Chairman of the Board) |
| Revenue |
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| Total assets |
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| Owner | Russian Government |
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Number of employees
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942,808 (31.12.2011) |
| Parent | Russian Ministry of Transport |
| Subsidiaries |
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| Website | www |
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Footnotes / references JSC Russian Railways Consolidated Financial Statements 2011 |
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RUB 121 billion (2011)1,520 mm (4 ft 11 27⁄32 in)
1,067 mm (3 ft 6 in) (on Sakhalin Island)
JSC Russian Railways (JSC RŽD; Russian: Российские железные дороги (РЖД) tr. Rossiyskie zheleznye dorogi (RZhD)), is a Russian vertically integrated company, both managing infrastructure and operating freight and passenger train services. In 2012 it became one of the three largest transport companies in the world. The company was established on September 18, 2003, when a decree was passed to separate the railways from the Russian Ministry of the Means of Communication (MPS) (1992-2004, dissolved).
Full name — Open Joint Stock Company Russian Railways with headquarters in Moscow at Novaya Basmannaya str., 2. The operating units of the central part of the staff are at Kalanchevskaya str., 35.Oleg Belozyorov has been president of the company since August 20, 2015.
JSC Russian Railways was established by Decision № 585 of the Government of the Russian Federation dated September 18, 2003. On October 1, 2003, the company took over the management functions of the rail networks from the Ministry of Railways of the Russian Federation (MR), leaving the state regulation to MR. RZD got 987 companies (95% in asset value) out of the 2046 that had formed the MR system. The reform saw the creation of a new market segment following the privatization of the network's rolling stock. The company divided the bulk of its wagon fleet between two new operating companies, Freight One (which was later privatised) and Freight Two (renamed Federal Freight in 2012), and private players such as GlobalTrans also entering the market.
In the mid-1990s, the profitability of MR's railage fell down to negative values, which became the reason for reforms. Soon after his inauguration, President Putin approved the idea of the Railway Reform Programme, according to which all business functions on the railway must be transferred to the joint-stock company with 100 per cent state involvement. The reforming of the railway sector in Russia started with the establishment of JSC Russian Railways, October 2003. The new company has received more than 95% of the assets under the Ministry of Transport and Communications of the Russian Federation. On October 28, 2011, the largest privatization transaction in the denationalization of the Russian railway industry took place at an auction held in Moscow. The Joint Stock Company Freight One, a subsidiary of Russian Railways, sold 75% of its shares minus two shares for 125.5 billion rubles (about 4 billion $) to Independent Transport Company owned by Vladimir Lisin. Thus, Lisin as Russia's largest operator of rolling stock got the control of a quarter of the freight market. On October 16, 2012, Russian Railways has completed competitive negotiations with potential buyers of the remaining 25-percent plus 1 share stake in JSC Freight One. The best binding offer was received from the Independent Transport Company LLC. The assets were sold for 50 billion rubles.
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