Investment Management
JSC FPC's Investment Programme for 2024–2026 was approved by the resolution of the Board of Directors of JSC FPCMinutes No. 13 dated 19 March 2024..
Given that the rolling stock is the main means of production for JSC FPC, its renewal is carried out annually to ensure uninterrupted production flow.
Investment ranking
The projects implemented by JSC FPC are ranked by five types:
- Long‑term projects
- Replacement of retired fixed assets with financial effect
- Cost‑effective projects
- Replacement of retired fixed assets with technological effect
- Process‑related and social projects
Each project is ranked from 0 to 100. The higher the score, the higher priority is given to the project within the Investment Programme.
Investment structure
The bulk of FPC’s investments (RUB 75.5 billion, or 93.6%) in 2024 was spent on the renovation of passenger rolling stock, including purchase of new passenger carriages (RUB 55.9 billion) and upgrade of passenger rolling stock (RUB 19.6 billion).
RUB 5.2 billion worth of investments, or 6.4%, was used to upgrade depot facilities and promote IT projects and other initiatives.
| Indicator | 2022 | 2023 | 2024 | vs. 2023 |
|---|---|---|---|---|
| Rolling stock acquisition | 30.5 | 38.4 | 55.9 | 17.5 |
| Rolling stock upgrades | 8.7 | 10.5 | 19.6 | 9.1 |
| Depot upgrades | 0.7 | 1.7 | 2.8 | 1.1 |
| IT promotion | 0.6 | 1.4 | 2.1 | 0.7 |
| Other projects | 0.1 | 0.3 | 0.3 | – |
| Total | 40.6 | 52.3 | 80.7 | 28.4 |
Renewal and upgrade of passenger rolling stock
Investment costs in 2024 totalled RUB 75.5 billion, including the following costs:
- RUB 55.8 billion – for acquisition of passenger carriages, including:
- 376 single‑decker carriages of 2019 model
- 20 single‑decker carriages of 2018 model
- 2 second‑hand single‑storey Luxury carriages and 2 second‑hand ancillary carriages,
- 154 double‑deck carriages of 2018 model
- RUB 19.6 billion for passenger rolling stock upgrades
The new rolling stock was purchased to upgrade the fleet and replace retired carriages.
The Company’s carriage procurement programme prioritises rolling stock acquisition to replace retired carriages and upgrade profit‑making trains. In 2024, 396 single‑decker carriages worth RUB 34.1 billion were purchased for this purpose.
In addition, 154 double‑deck carriages worth RUB 21.7 billion were purchased for promising destinations, which feature high demand passenger traffic, to furnish the following routes: No. 25/26, St. Petersburg – Moscow (Smena – A. Betancourt); No. 63/64, Samara – St. Petersburg; No. 391/392, Chelyabinsk – Moscow; and No. 743/744, St. Petersburg – Moscow (Aurora).
Upgrades of passenger rolling stock
The major share of investments (RUB 19.3 billion, or 98.5%) was allocated for overhaul reconditioning (with service life extension) of 67 carriages, KR‑2 overhaul of 711 carriages and KR‑1 overhaul of 1,538 carriages.
Investments in depot facilities were primarily used:
- To renovate existing production facilities – RUB 1.2 billion
- To purchase equipment to ensure uninterrupted depot operations – RUB 1.6 billion
IT promotion
The main investment areas:
- Creation of the Digital HR information system
- Development and import substitution of IT infrastructure
- Delivery of equipment for broadcasting audio recordings and recording of official conversations over the radio train communication and radio broadcasting network
- Supply of personal computers, as well as networking, server and peripheral equipment
Other projects
Key areas of investment: acquisition of transport safety equipment, development of design documentation, etc.
Priority investment areas
Customer‑focused investment
The Company spent RUB 59.2 billion to improve the quality of its services in 2024, including:
- Reduction of transit time, higher transport safety and better passenger experience (purchase of 550 new highly efficient passenger carriages featuring improved performance and passenger comfort) – RUB 55.8 billion
- Overhaul reconditioning of 67 passenger carriages – RUB 3.4 billion
Customer‑focused investment
A total of RUB 1.7 billion were used in 2024 to enhance passenger safety and improve the passenger experience:
- Replacement of retired rolling stock – RUB 1.6 billion
- Installation of new frames, bolsters and 1,520-mm gauge bogies during scheduled repairs of carriages — RUB 0.1 billion
Upgraded of fixed assets
To maintain its existing carriage repair and maintenance facilities, JSC FPC invested RUB 1.2 billion in rehabilitation and upgrades of its fixed assets in 2024.
Sources of financing
Sources of financing for the Investment Programme in 2024:
- Internal funds – RUB 63.6 billion
- Borrowed funds – RUB 17.0 billion
- Other – RUB 0.1 billion
