Media: Russian Railways expect 80 billion rubles of subsidies in 2017-2018

Media: Russian Railways expect 80 billion rubles of subsidies in 2017-2018


Financial plan of Russian Railways by 2016 for the first time since 2013 does not involve subsidies for “maintaining financial stability”, and in 2017 and 2018 is expected to receive 40 billion rubles of subsidies.

MOSCOW, 29 Oct. Railways in 2017 and 2018, expect to receive subsidies by 40 billion rubles annually, writes on Thursday the newspaper “Vedomosti” with reference to a copy of the explanatory note to the investment program and financial plan of monopoly and 2016 2017-2018.

“The subsidy in this case is not prescriptive, but only indicative in nature and captures the projected financial risk in deteriorating macroeconomic conditions, says the employee of the Railways. — In case of changes in the economic situation this option may be revised, and perhaps even subsidies would be required.”

Financial plan of Russian Railways by 2016, which is the monopoly last week submitted to the government, for the first time since 2013 does not involve subsidies for “maintaining financial stability”. The tariffs will be increased at an acceptable 10%. The increase in 2017 and 2018 will be at 4.5%, predicts the Railways.

Revenues from shipments in 2017 or 2018 will grow by 5.7% (to 1.55 trillion rubles) and 5.3% (to 1.63 trillion), respectively. The cost of organizing transport — by 7.6% (to 1.46 trillion rubles) and 6.6% (to 1.55 trillion), respectively. With the planned 40 billion rubles of subsidies to the Railways in 2017 will make a profit of 13.2 billion rubles, in 2018 — 5.5 billion rubles.

The investment program of monopoly in 2017 will amount to 330 billion in 2018 — RUR 300 billion. In 2016, RZD will invest 432 billion rubles, the newspaper said.

RZD expect to save in 2017-2018 additional increase of tariffs for export (13.4%) and domestic (7.4%) transport of diesel fuel, according to the materials of the monopoly.