The Council of consumers of the Russian Railways proposes to discuss the investment of funds of the NWF

The Council of consumers of the Russian Railways proposes to discuss the investment of funds of the NWF


The initiative of Railways to forward to 2016 Unallocated funds in the amount of about 40 billion rubles for the financing of “the Acquisition of traction rolling stock” needs to be discussed, according to the consumer Council.

MOSCOW, 2 Nov. The Council of consumers on questions of activity of Railways proposes to discuss the priority of investments by the company in the year 2016 funds from the national welfare Fund (NWF), retained in 2015, the message of the collegial body.

The draft financial plan and investment program of RZD for 2016 and the planning period of 2017-2018 were reviewed and, according to the report, generally supported. The Council has developed a number of recommendations on these documents.

“In the opinion of the majority of the members of the Board of consumers, requires a separate discussion of the proposal of JSC “RZD” to direct in 2016 Unallocated funds in the amount of about 40 billion rubles for the financing of “the Acquisition of traction rolling stock”. Experts believe the priority directions of investments reduction in the value of overdue major overhaul of the tracks, elimination of “bottlenecks” and the development of the TRANS-Siberian railway”, — stated in the message Board.

The representative of the Russian Railways to comment on this position did not.

The Deputy head of the Ministry of transport of RF Alexey Tsydenov in September told reporters that the Ministry has allocated the Railways in 2016 to 40 billion rubles from the NWF for the purchase of locomotives. RZD in 2015 invest in the purchase of locomotives to 60 billion rubles. The company issues bonds, who buys VTB for NWF.

The members of the Council consider necessary to ensure the allocation established by the passport of the investment project on expansion of BAM and Transsib sums from the state budget in 2016 for the project and priority of measures to increase transmission capacity and provide funding for other approved government projects for infrastructure development of Railways.