SP: RZD has spent 4.4 percent allocated for BAM and Transsib NWF

SP: RZD has spent 4.4 percent allocated for BAM and Transsib NWF


Total funding for the modernization of the Baikal-Amur and TRANS-Siberian Railways is 562,4 billion. As of 1 October 2015, the cost of funds of the national welfare Fund amounted to 2.2 billion rubles.

MOSCOW, 22 Oct. The audit chamber of Russia has a number of comments on the use of Russian Railways funds of the national welfare Fund (NWF) to Finance the modernization of the Baikal-Amur and TRANS-Siberian Railways, in particular, the company has expended at the beginning of October only 4.4% of the allocated money, the message of the Ministry.

Volume of financing of this project is 562,4 billion rubles, including 302,2 billion rubles — money the Railways, 110,2 billion rubles — the contributions to the Charter capital of public funds, 150 billion rubles from national welfare Fund (50 billion rubles in 2014-2016). The results validate the use of the NWF, according to the report, were considered by the accounting chamber Board, under the chairmanship of Tatyana Golikova.

“In March 2015 NWF funds received on the settlement account of JSC “RZD” in the amount of 50 billion rubles. As of 1 October 2015 cash flow of funds of the NWF amounted to 2.2 billion rubles, or 4.4% of received funding for 2015″, — stated in the message of audit chamber on Thursday.

It is noted that under a Bank account agreement concluded between Russian Railways and VTB, in March-September on the balance of funds of the NWF accrued interest in the amount of 2.9 billion rubles. The interest recorded by the company in the composition of income from financing activities and spent in the framework of the ordinary course of business, the Agency writes.

The investment program of RZD for 2015 in BAM and Transsib provided to 124.7 billion rubles. Of them to 45.7 billion rubles NWF, which is 4.2 billion rubles, than he entered on a special Bank account of the company, according to the audit chamber. According to her, in 2015 provides design, construction and installation work on 87 objects at the expense of the NWF. However, at the time of the audit, approved design and estimate documentation only 44.

There are questions from the controlling Agency to the objects included in the list of priority actions for the development of BAM and Transsib and conditions of the investment project in the part of preferred shares. The Agency indicates that the main implementers of the objects are the “daughter” of Russian Railways: design and estimate documentation — “Zheldorproekt” construction works — JSC RZDstroy, which provide more than 20% of the volume of the investment program of the company.