MOSCOW, September 30 (RIA Novosti) - Russian Railways' net profit in 2005 may fall to $304.9 million, compared with its target of $592.4 million, company president Vladimir Yakunin said Friday.
Alexander Zhukov, Russia's deputy prime minister and the company's chairman of the board, said the fall in profit was due to capital investment in the construction of new railroads.
He cited the example of a railroad detour route around the flooded Bureisk hydroelectric power plant in Russia's Far East.
Russian Railways plans to invest $29 million in this project by the end of the year with an overall cost of $140.2 million, Zhukov added.
