Medvedev signed a decree on increase of capital of Russian Railways for 9 billion rubles

Moscow. December 28. Prime Minister Dmitry Medvedev signed a decree on increase of the Charter capital of Russian Railways by almost 9 billion rubles.

“I just signed an order which provides for this year, another contribution to the share capital (of the company) in the amount of almost 9 billion rubles of This money will go on development of Small ring of Moscow railway and radial directions. Part of the funds will also be used to create high-speed highway Moscow-Kazan and to construct a railroad trestle across the Ryazan prospect”, – said the head of the government at the Cabinet meeting on Monday in Moscow.

Earlier RZD reported about plans of placing of additional issue of shares in favor of the main shareholder – the state – by 8.95 billion. Of these funds, 2.5 billion rubles have to go construct a railroad trestle across the Ryazan Avenue at the Gorky direction of the Moscow railway (MOR). Another 5.3 billion rubles will allocate Russian Railways on the development of Small rings MOR and its radial directions, and 0.5 billion rubles for the modernization of railway infrastructure in the Metropolitan region of 0.65 billion rubles for the project of creation of high-speed railway Moscow-Kazan.

The government on Thursday approved the decision to increase the authorized capital monopoly “by placing 8,95 million additional ordinary shares with a par value of RUB 1 each” in favor of the state “in accordance with the Federal budget for 2015 and planning period 2016-2017”.

In a government meeting on Monday Medvedev said that in 2015 the Charter capital of Russian Railways has already been increased by more than 64 billion roubles. “it is Clear that companies need to evolve, launch new projects, build modern infrastructure. This will require additional investments”, – he noted.