THE RENEWAL OF ROLLING STOCK OWNED BY THE MINISTRY OF COMMUNICATIONS (MC) IS LAGGING BEHIND THE RATES OF EQUIPMENT DEPRECIATION

A&G Information Services 11-12-2001 THE RENEWAL OF ROLLING STOCK OWNED BY THE MINISTRY OF COMMUNICATIONS (MC) IS LAGGING BEHIND THE RATES OF EQUIPMENT DEPRECIATION ST.PETERSBURG, RUSSIA, NOV 11, 2001 (A&G News via COMTEX) -- Before 1988 about 5% of rolling stock was renewed annually, whereas in 1999 only 0.03% was renewed. As a result the average age of a freight car is 28 years, a passenger car - 30 years, the test limit being 20-25 years. Rolling stock deficit is 10%. The heads of the MC admit ...