In 2017, FPC updated its Development Strategy until 2030. At the end of the year, the Strategy’s draft was approved by FPC’s Board of Directors and submitted for approval to Russian Railways.
To ensure the highest level of safety, comfort, and convenience in long-distance rail passenger services in Russia.
FPC is Russia’s leader in passenger mobility, being a highly efficient, financially sound, and customer-focused company that strives to enhance value while ensuring sustainable development in passenger mobility across travel classes and regions of Russia as it transitions to franchise contracts for regular railway passenger services.
Sustainably developing mobility across travel classes and regions of Russia including operating less technically profitable routes through franchise contracts for regular rail passenger services
Leader in service quality in long- distance land transportation providing high-quality value proposition and a comfortable long- distance travel experience, including transit connections with other modes of transport and multimodal transportation
Maximising financial results and ensuring self-sufficiency in operations
- A national carrier providing traditional and high-speed long-distance rail passenger services both in Russia and abroad
- The leader by passenger traffic in long-distance transportation in Russia
- The leader in long-distance ticket aggregation services offering single multimodal tickets connecting rail passenger services across Russia’s regions with bus and air transportation services at complementary destinations, as well as providing the most convenient range of multimodal route options covering the most popular, key long-distance destinations
STRATEGIC GOALS OF THE COMPANY
According to JSC FPC’s draft 2030 development strategy, the Company’s main focus will be on significantly increasing the average train speeds, developing comprehensive combined transport operations (such as multimodal transportation), increasing passenger traffic on the busiest routes in Russia, and improving the competitiveness of our existing services. The Company will also continue to act as a public carrier, which means servicing single or socially significant routes. At the end of 2017, the Draft Strategy was approved by FPC’s Board of Directors and submitted to Russian Railways for approval.
The Strategy’s key targets address changes in the transportation market, the competitive situation, customer demands, and development trends in the passenger transportation regulatory environment. JSC FPC’s Strategy assumes the Company’s current role is retained in the long-term strategic development programme of RZD Holding.
Russia’s leader in passenger mobility:
A highly efficient, financially sound, and customer-focused company that strives to enhance value while ensuring sustainable development in passenger mobility across travel classes and regions of Russia as it transitions to franchise contracts for regular railway passenger services.
Passenger km travelled billion
Number of passengers carried million passengers
Average speed Growth in average speed is mostly from key routes (e.g., the average speed on the Centre –South route is to increase from 68 to 99 km/h by 2025). km/h
Capacity utilisation %
Net profit RUB billion
A list of performance indicators has been set out for the Company until 2020.
|INDICATORS 2018–2020 indicators are target indicators approved by JSC FPC Board of Directors.||2018||2019||2020|
|Investment volume net of VAT, RUB billion||44.9||52.9||43.4|
|Revenue, RUB billion||217.4||226.3||242.0|
|EBITDA margin (incl. subsidies), RUB billion||21.8||27.7||33.4|
|Subsidies, RUB billion||8.5||8.5||8.5|
|Traffic safety, incidents per thousand train km||8.80||8.69||8.51|
|Labour productivity growth rate, %||105.0||105.0||105.0|
|Passenger km travelled, billion||87.7||88.2||89.9|
|Net profit, RUB billion||2.2||4.8||8.3|