Medvedev: government will additionally allocate about 9 billion roubles to the Charter capital of Russian Railways


GORKI, December 28. The government will additionally allocate about 9 billion rubles in the authorized capital of JSC “Russian Railways” (RZD). This was announced by Prime Minister Dmitry Medvedev at the year’s last government meeting.

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“This year the authorized capital of Russian Railways increased by more than 64 billion rubles. I just signed documents that make changes to the company’s Charter and the regulation which provides for this year, another contribution to the authorized capital in the amount of almost 9 billion rubles”, – said the Prime Minister.

He added that the money will be spent on the development of the Small ring of the Moscow railway, the creation of a high-speed railway “Moscow-Kazan” and rail loading via Ryazan prospectus.

According to the press service of the Cabinet of Ministers, the authorized capital of Russian Railways increased by 8.95 billion rubles for the implementation of these projects.

In particular, Russian Railways funds received 5.3 billion rubles will be directed on development of Small ring of Moscow railway and radial directions of the Moscow railway, 0.5 billion roubles for the implementation of priority investment project on development of railway infrastructure of common use in the Moscow region of 0.65 billion rubles for the creation of a high-speed railway (HSR) “Moscow-Kazan”, 2.5 billion rubles for the construction of a railway overpass Ryazan prospectus of the Gorky direction of Moscow railway.

The authorized capital of Russian Railways will be increased by placing on the closed subscription in favour of the Russian Federation 8 million 950 thousand additional ordinary registered uncertified shares with a nominal value of RUB 1 per share.

In accordance with paragraph 3 of article 28 of the law “On joint stock companies”, additional shares may be placed by the company only within the number of declared shares established by the Charter of the company. The order of the government dated 29 may 2015 N995-R the authorised capital of Russian Railways was increased by 64,28 billion rubles by placement of 64 million 280 thousand 838 ordinary registered uncertified shares with a par value of RUB 1 per share.