PRESS: Russian Railways lacks 1.2 tln rbl for 2021–2025 invest

MOSCOW, Dec 8 (PRIME) -- Russian Railways lacks 1.19 trillion rubles to finance its 4.04 trillion ruble investment program for 2021–2025, and the company offers several options to cover this deficit, Kommersant business daily reported on Tuesday.

“According to the financial plan, in 2021–2025, with an investment program of 4.04 trillion rubles, the deficit of funds will amount to 1.19 trillion rubles,” the daily reported.

“The monopoly counts on state support in the form of contributions to the charter capital of almost 500 billion rubles, of which 289 billion rubles already in 2022, if the state requires the implementation of all measures of a comprehensive plan for the modernization of infrastructure. Also, Russian Railways plans to sell foreign assets for 90 billion rubles and not pay 150 billion rubles in dividends in 2022–2023,” the daily reported.

In 2024 and 2025, the company expects to receive state support of 127 billion rubles and 72 billion rubles, respectively.

Russian Railways declined to comment.

(74.2506 rubles – U.S. $1)

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