This study is an evaluation of the EBRD's projects in the Russian rail sector conducted between 1996 and 2013. The portfolio represents ‚Ç¨1.8 billion in EBRD investments supported by ‚Ç¨6 million in technical cooperation initiatives.
The projects are situated in the context of the overall reform programme in the Russian rail sector during the period. They are examined for their relevance to the EBRD's mandate, achievements and outputs and the efficiency with which they were implemented. Several findings and lessons are observed and recommendations made.