Misplaced Pages

#347652

59-770: Krasnoyarsk Railway (Russian: Красноярская железная дорога ) is a subsidiary of the Russian Railways headquartered in Krasnoyarsk and serving the south of Siberia . Its mainline is a link in the Trans-Siberian Railway crossing the Krasnoyarsk Krai and Khakassia . It is located between the West Siberian Railway and East Siberian Railway . Its length is estimated at 3157,9 km (as of 2009). Regular traffic on

118-651: A decree was passed to separate the upkeep and operation of the railways from the Ministry of Railways of the Russian Federation . RZhD is based in Moscow at Novaya Basmannaya str., 2. The operating units of the central part of the staff are at Kalanchevskaya str., 35. Railways in the Russian-occupied region of Crimea are controlled by Crimea Railway , a separate company. After the collapse of

177-415: A government owning all or a controlling stake of the company's shares . This form is often referred to as a state-owned enterprise . A state-owned enterprise might variously operate as a not-for-profit corporation , as it may not be required to generate a profit; as a commercial enterprise in competitive sectors; or as a natural monopoly . Governments may also use the profitable entities they own to support

236-613: A meeting of the Russian Academy of Science, Vladimir Yakunin presented an ambitious new transport route called the Trans-Eurasian Belt Development (TEPR) which would go "through Russia with a mega road and high-speed rail network to link Asia with Europe' and with the opportunity to go to Chukotka and Bering Strait and then to the American continent" to Alaska, "making overland trips from Britain to

295-545: A new railway station of the regional center. The decision to build a new station of Krasnoyarsk was adopted in 2003 due to a significant increase in passenger traffic in Krasnoyarsk. The construction of the station and the railway station spent about half a billion rubles. Today Krasnoyarsk train station is considered one of the most beautiful and comfortable in the territory of the Urals. The new building has 16 ticket offices,

354-607: A program to introduce new high-speed trains. The first train, Sapsan , commenced service in December 2009 and connects Saint Petersburg , Moscow and Nizhny Novgorod and is operated with trains manufactured by the German company Siemens. The second train, Allegro , has run from Saint Petersburg to Helsinki via Vyborg since December 2010 and is owned and operated together with the Finnish VR Group . Sapsan

413-423: A specific state institution or branch of government, used exclusively by that branch, such as a research laboratory. The latter refers to assets and resources owned by the population of a state which are mostly available to the entire public for use, such as a public park (see public space ). In neoclassical economic theory , the desirability of state ownership has been studied using contract theory . According to

472-445: 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 acquired control of a quarter of the freight market. As part of its reform efforts, RZD massively reduced its workforce, from 2.2 million in the 1990s to 934,000 people in 2012. In 2012, it became one of

531-406: A whole. As such, state ownership is only one possible expression of public ownership, which itself is one variation of the broader concept of social ownership. In the context of socialism, public ownership implies that the surplus product generated by publicly owned assets accrues to all of society in the form of a social dividend , as opposed to a distinct class of private capital owners. There

590-414: Is 6 more than before. Increased area of the station. Improved service passengers. 4 June 2005, opened a new station square station Krasnoyarsk . The cost of reconstruction of the station square amounted to 170 million rubles. It has increased by a total of fifteen hundred meters (7 to 9 and a half). The unique size makes sculptural composition – the figure of a lion mounted on a 16-meter-high stele. Lion with

649-465: Is Oleg Belozerov. Before him, the position was occupied by Kirill Androsov from September 2011 till June 2015, and previously by Alexander Zhukov – from 20 July 2004 to September 2011 and Viktor Khristenko – from 16 October 2003 – 20 July 2004. Gennady Fadeev was President of JSC Russian Railways from 23 September 2003 – 14 June 2005. He was succeeded by Vladimir Yakunin – from 14 June 2005 to 20 August 2015. Oleg Belozyorov has been president of

SECTION 10

#1732771759348

708-550: Is a natural monopoly or because the government is promoting economic development and industrialization . State-owned enterprises may or may not be expected to operate in a broadly commercial manner and may or may not have monopolies in their areas of activity. The transformation of public entities and government agencies into government-owned corporations is sometimes a precursor to privatization . State capitalist economies are capitalist market economies that have high degrees of government-owned businesses. Public ownership of

767-416: Is a process of transferring private or municipal assets to a central government or state entity. Municipalization is the process of transferring private or state assets to a municipal government. A state-owned enterprise is a commercial enterprise owned by a government entity in a capitalist market or mixed economy . Reasons for state ownership of commercial enterprises are that the enterprise in question

826-416: Is a wide variety of organizational forms for state-run industry, ranging from specialized technocratic management to direct workers' self-management . In traditional conceptions of non-market socialism, public ownership is a tool to consolidate the means of production as a precursor to the establishment of economic planning for the allocation of resources between organizations, as required by government or by

885-480: Is also part of the program. Between 2021 and 2025 RZD plans to build Rostov–Krasnodar–Adler, Tula–Voronezh high-speed rail and the extension of Kazan-Yelabuga high-speed rail, as well as other regional high-speed rail links. During the 2026–2030 third phase of the program, Russian Railways will build Moscow–Saint Petersburg high-speed rail section; the railway line will be extended from Yelabuga to Yekaterinburg, and from Voronezh to Rostov-on-Don. In March 2015, at

944-648: Is considered the first step to triggering a credit default swap . In December 2023 the joint venture with the VR Group , Finnish Railways, to run the Karelian Trains ceased, the trains having stopped running in March 2022 following the Russian invasion of Ukraine and Russian Railways having failed to meet their portion of the financing obligations, VR Group assumed the whole financial obligations and took over

1003-563: Is desirable. In their model, the government and a private firm can invest to improve the quality of a public good and to reduce its production costs. It turns out that private ownership results in strong incentives to reduce costs, but it may also lead to poor quality. Hence, depending on the available investment technologies, there are situations in which state ownership is better. The Hart-Shleifer-Vishny theory has been extended in many directions. For instance, some authors have also considered mixed forms of private ownership and state ownership. In

1062-689: Is determined by the Federal Tariff Service at net cost or higher. Limited railway capacity is the main factor limiting Russian coal exports to Asia. Demand for Russian coal in Europe has declined due to the energy transition and Russia's invasion of Ukraine and this reinforces the need for Russia to reorient coal exports to Asia. Russian Railways has a near-monopoly on long-distance train travel, with its subsidiary, Federal Passenger Company, accounting for 90% of total passenger turnover in 2017. Passenger transportation accounted for 10.6% of

1121-454: Is divided into two components: «ticket» (which includes the cost of transport infrastructure, locomotive traction and the Station component) and «reserved seat» (service of transport company, which is the owner of the car). Since 2003, the flexible schedule tariffs (FST) to travel on long-distance trains is used: FST is calculated in such a way as to stimulate passengers to undertake a trip on

1180-541: Is the founder and sole shareholder of JSC Russian Railways. On behalf of its shareholders the powers are exercised by the Government of the Russian Federation . It approves the president of the company, forms the board of directors annually and approves the annual reports. An IPO for the company was considered in 2012, but it was pushed back to after 2020. The Chairman of the Board of Directors of JSC Russian Railways

1239-641: The East Siberian Railway on the basis of the Decree of the USSR Council of Ministers No. 1091 of 28 December 1978 G. 1 October 2003 Krasnoyarsk railway became a part of Russian Railways on the territorial rights of the branch. Krasnoyarsk Railway in 2008 carried 4,099 million passengers in long-distance communication and 12,378 million in the suburban. In 2008 dear transported 68,2 million tons of various cargoes. Basic nomenclature of

SECTION 20

#1732771759348

1298-452: The broad gauge used in the rest of Russia, which it formally completed in August 2019. The share of privately owned wagons in the freight transport increased to one-third of the total by 2005. On 18 May 2006, the company signed an agreement with Siemens for the delivery of eight high-speed trains. On 23 May 2007, Russian Railways adopted a new corporate style which changed fundamentally

1357-423: The means of production is a subset of social ownership , which is the defining characteristic of a socialist economy. However, state ownership and nationalization by themselves are not socialist, as they can exist under a wide variety of different political and economic systems for a variety of different reasons. State ownership by itself does not imply social ownership where income rights belong to society as

1416-589: The Decree No. 585 established RZD as a joint stock company, making it a holding in charge of 63 subsidiaries, including TransContainer , RailTranAuto, Rail Passenger Directorate, Russian Troika, TransGroup, and Refservis. RZD acquired 987 companies (95% in asset value) out of the 2046 that had formed the MR system. Gennady Fadeyev, the Railways Minister, became the company's first president. The reform saw

1475-679: The French logistics company Gefco SA. The total value of the transaction was 800 million euros, the seller being PSA Peugeot Citroen , the parent company of Gefco. A program to modernize the Baikal–Amur Mainline was launched in 2013, costing the equivalent of £4 billion by 2018. In 2015, RZD International won a €1.2 billion contract to electrify the Garmsar–Inche Bourun line in Iran. In August 2015, company president Vladimir Yakunin

1534-498: The Hart-Shleifer-Vishny model it is assumed that all parties have the same information, while Schmitz (2023) has studied an extension of their analysis allowing for asymmetric information . Moreover, the Hart-Shleifer-Vishny model assumes that the private party derives no utility from provision of the public good. Besley and Ghatak (2001) have shown that if the private party (a non-governmental organization) cares about

1593-684: The Russian Federation. In 2003, the Federal Law on Railway Transport divided the Ministry of Railways into the Federal Railway Transport Agency (FRTA) and Russian Railways (RZD). The reform also required RZD to provide access to railway infrastructure to other carriers and operators. As the law requires carriers to provide service to customers anywhere in Russia, RZD retained its dominant position. Later in 2003,

1652-561: The Soviet Union in 1991, the Russian Federation inherited 17 of the 32 regions of the former Soviet Railways (SZD). In the mid-1990s, the profitability of railway transportation of the Russian Ministry of Railways fell to negative values, the bureaucratization of the ministry itself was publicly criticized, which became an occasion for reforms. Shortly after being elected president of Russia in 2000, Vladimir Putin approved

1711-564: The US (via the Channel Tunnel) a possibility." Limited railway capacity is the main bottleneck for Russian coal exports to Asia. Demand for Russian coal in Europe has declined due to the energy transition and Russia's invasion of Ukraine and this reinforces the need for Russia to reorient coal exports to Asia. Various Russian actors have therefore proposed the rapid expansion of the country's eastward rail capacity. The Russian Federation

1770-434: The company since 20 August 2015. As of December 2013, Russian Railways has controlling interests in the following companies: On 24 February 2022, in response to Russia's invasion of Ukraine , US President Joe Biden announced economic sanctions against several Russian companies, including Russian Railways. The main activities of Russian Railways involve freight and passenger traffic. In Russia, railways carry 42% of

1829-585: The company's revenue in 2017. The long-distance passenger fleet includes 19,386 rail cars as of 2017, with an average age of 19.1 years. Over 60% of long-distance passengers travel in third-class sleeping carriages. The long-distance rail passenger business is under increasing competition from airlines, due to their aggressive domestic pricing policies and generally shorter travel times for routes under 1,000 km. International rail passenger traffic dropped from 19.4 million passengers in 2013 to 6.8 million in 2017. In 2005–2010, JSC Russian Railways has launched

Krasnoyarsk Railway - Misplaced Pages Continue

1888-411: The contractors were actually shell companies , used to convey billions of dollars in tenders to close associates of Yakunin, president of RZD. Zheldoripoteka, RZD's real estate arm, was revealed to have sold land plots located close to railway stations in major cities to the son of Russian Railways president Vladimir Yakunin. Far East Land Bridge, a company partnered with a Russian Railways subsidiary,

1947-488: 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 2003, RZD launched a project to replace the narrow gauge on Sakhalin Railway to

2006-645: The date with the lowest index. In 2010 and 2011, the average weighted index for calendar periods was 0.97 and the average volume of passenger traffic – 1.00. According to the JSC Russian Railways statement, the passenger transportation – except for some highly profitable directions – is unprofitable. These losses are partly compensated from the budget, and for the most part – with the help of cross-subsidies by income from freight. State-owned In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with

2065-553: The emergence of a competitive environment, Russian Railways has been transformed into a vertically oriented holding company. In 2009, the investment budget was 262.8 billion rubles (excluding VAT), of which 47.4 billion for projects related to the preparation and staging of the Olympic Games in Sochi; 58.7 billion for the renovation of the rolling stock (including supply of Sapsan trains). In 2010, Federal Passenger Company

2124-467: The general budget. The creation of a state-owned enterprise from other forms of public property is called corporatization . In Soviet-type economies , state property was the dominant form of industry as property. The state held a monopoly on land and natural resources, and enterprises operated under the legal framework of a nominally planned economy , and thus according to different criteria than enterprises in market and mixed economies. Nationalization

2183-405: The goods transported include coal, timber, ore, building materials and bulk cargoes. Today the Krasnoyarsk railway of Russian Railways is 97 structural units: 176 stations, 17 of the track, 6 track machine stations, 10 of signalling and communication, 18 container yards and other production units. 7 December 2004 — the 70th anniversary since the formation of Krasnoyarsk Krai was put into operation

2242-490: The high-speed rail sections linking Moscow–Kazan (1.2 trillion rubles), Moscow–Tula (268.6 billion rubles), Chelyabinsk–Yekaterinburg (122.6 billion rubles), Tula–Belgorod (86.8 billion rubles), Yekaterinburg–Nizhny Tagil (12.9 billion rubles) and Novosibirsk–Barnaul (62.3 billion rubles). The project design of the largest container port in Ust-Luga for reception and distribution of containerized freight on China–Europe route

2301-463: The idea of reforming the railway transport, according to which all economic functions on the railway should be transferred to a joint-stock company with 100% state participation. The start of the state program for reforming the Russian railway sector was given by the establishment of Russian Railways in October 2003. The new company received over 95% of the assets belonging to the Ministry of Railways of

2360-401: The line Achinsk – Abakan (Achinsk-Minusinsk railway). In 1949 began the construction of the line Novokuznetsk – Abakan , in 1950, began construction of the station Abaza . In the 1960s to build Achinsk – Lesosibirsk , Red Hill – Kiya-Salter, Kamusta – Sayano-Shushenskaya power station. In 1965, completed the construction of the line Abakan – Taishet branch Uyar – Sayan. In the 1970s

2419-501: The line was built resota – Karabula. Krasnoyarsk railway was first formed on 28 February 1936 on the basis of the decision of Council of people's Commissars of the USSR No. 378 of 27 February 1936 G. 9 May 1961, the road was abolished on the basis of the Decree of the USSR Council of Ministers No. 406 dated 6 May 1961 G. In the period 1961–1979, the road was part of the East Siberian Railway . 17 January 1979 road re-allocated from

Krasnoyarsk Railway - Misplaced Pages Continue

2478-533: The means of production may be labelled state socialism . State ownership was recognized by Friedrich Engels in Socialism: Utopian and Scientific as, by itself, not doing away with capitalism, including the process of capital accumulation and structure of wage labor. Engels argued that state ownership of commercial industry would represent the final stage of capitalism, consisting of ownership and management of large-scale production and manufacture by

2537-399: The property rights approach based on incomplete contracting (developed by Oliver Hart and his co-authors), ownership matters because it determines what happens in contingencies that were not considered in prevailing contracts. The work by Hart, Shleifer and Vishny (1997) is the leading application of the property rights approach to the question whether state ownership or private ownership

2596-567: The road between Novonikolaevsk (now Novosibirsk ) and Krasnoyarsk opened in 1898, between Krasnoyarsk and Irkutsk in 1899 after the completion of the construction of the largest railway bridge in Asia over the Yenisei . In the period from January 1904 to October 1905 Siberian railway played a big role in providing military transportation during the Russo-Japanese war . In 1926 built

2655-420: The road to 31 thousand people. Russian Railways Russian Railways (Russian: ОАО «Российские железные дороги» (ОАО «РЖД») , romanized:  OAO Rossiyskie zheleznye dorogi (OAO RZhD) ) is a Russian fully state-owned vertically integrated railway company , both managing infrastructure and operating freight and passenger train services. The company was established on 18 September 2003, when

2714-440: The rolling stock. In March 2016, RZD approved an updated version of high-speed rail development program until 2030. The 5 trillion ruble program includes the construction of Moscow–Kazan–Yekaterinburg, Moscow–Adler and Moscow–Saint Petersburg high-speed lines, as well as other high-speed lines connecting regional cities. The construction program is divided into three stages. By 2020, Russian Railways planned to put into operation

2773-626: The shipping company CMA CGM announced to be acquiring the French logistics company Gefco SA from Russian Railways and minority shareholder Stellantis . On 11 April 2022, the Wall Street Journal and Reuters reported that the International Swaps and Derivatives Association had determined a "failure to pay" credit event occurred on 250 million CHF worth of Swiss franc loan participation notes linked to an entity related to Russian Railways, RZD Capital. The determination

2832-539: The sickle and the shovel – the heraldic symbol of Krasnoyarsk. By the way, Krasnoyarsk station square is the only one in the country, decorated with heraldic symbols. According to the Development strategy of Russia in 2010, construction began on the railway in Tuva from Krasnoyarsk to Kyzyl . After completion it is expected to pass this road under the management of the Krasnoyarsk railway. The number of employees on

2891-484: The state's management policies, though these rights are not property rights as they are not transmissible. For example, if a family is allocated an apartment that is state owned, it will have been granted a tenancy of the apartment, which may be lifelong or inheritable, but the management and control rights are held by various government departments . There is a distinction to be made between state ownership and public property. The former may refer to assets operated by

2950-577: The state. Within the United Kingdom, public ownership is mostly associated with the Labour Party (a centre-left democratic socialist party), specifically due to the creation of Clause IV of the "Labour Party Manifesto" in 1918. "Clause IV" was written by Fabian Society member Sidney Webb . When ownership of a resource is vested in the state, or any branch of the state such as a local authority , individual use "rights" are based on

3009-527: The state. State ownership is advocated as a form of social ownership for practical concerns, with the state being seen as the obvious candidate for owning and operating the means of production. Proponents assume that the state, as the representative of the public interest , would manage resources and production for the benefit of the public. As a form of social ownership, state ownership may be contrasted with cooperatives and common ownership. Socialist theories and political ideologies that favor state ownership of

SECTION 50

#1732771759348

3068-411: The three largest transport companies in the world. According to a Reuters inquiry, RZD procurement activities in 2012 amounted to $ 22.5 billion; part of this was awarded to private contractors with no genuine operations in de facto noncompetitive tenders. Some of the company addresses listed on the tenders turned out to be private apartments, car repair shops or department stores. It was alleged that

3127-439: The total cargo traffic, and about 33% of passenger traffic. Some passenger categories, such as pensioners, members of parliament, and holders of Soviet and Russian state decorations, receive free or subsidized tickets. In 2013 railways carried nearly 90% of Russia's freight, excluding pipelines. In 2014, railway infrastructure and locomotive services accounted for 74% of the company's total revenue. The cost of freight tariff

3186-480: The way the Company presented itself visually to the outside world. The change of corporate identity underwent several stages during the 2007–2010 period. The final version of the logo was designed by BBDO Branding. Also, commissioned by BBDO Branding The Agency HardCase Design created a family of corporate fonts RussianRail, consisting of 15 fonts. In the new company logo Sans-serif RussianRail Grotesque Medium

3245-558: Was also linked to Yakunin's son. On 16 October 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. In early November 2012, Russian Railways announced the purchase of 75% of

3304-601: Was dismissed, allegedly because of poor performance and mismanagement. Yakunin was replaced by Oleg Belozyorov . RZD International began works on the reconstruction of the Serbian Vinarci – Djordjevo line in 2016. The Moscow Central Circle railway, designed and managed by Roszheldorproject , an RZD subsidiary, opened in September 2016. In July 2018, the company announced plans to phase out third-class carriages on long-distance trains by 2025. On 8 April 2022,

3363-486: Was established as a fully owned subsidiary of Russian Railways, providing long-distance passenger services both in Russia and abroad. By the end of 2013, it operated all long-distance routes, except for high-speed Sapsan lines, which are operated by RZD. RZD issued its first dollar-denominated bond in 2010, raising $ 1.5 billion. On 28 October 2011, the Joint Stock Company Freight One ,

3422-494: Was the most successful passenger train of JSC Russian Railways with occupancy rate of 84.5% (according to RZD in 2010) and profitability of 30% (although capital costs were not included in its calculation). Passenger tariffs (except for travelling in the stateroom, sleeping and VIP-cars) are approved by the State, represented by the Federal Tariff Service with social orientation of its traffic operations below cost. Passenger fare

3481-401: Was used. In 2008, the new logo of Russian Railways became a runner-up for the international design competition WOLDA '08 award. Strategy 2030, an investment plan to expand and modernize the railway network, was approved by the Russian government in 2008. Since 2008, as part of the structural reform of rail transport, with separation of the services infrastructure of transportation activity and

#347652