The funds the Russian Railways expects to get from the sale of shares of its subsidiaries should be used to finance key projects, Prime Minister Vladimir Putin said at a meeting in Sochi focused on the implementation and funding of the investment program of RZD, Russian Railways for the period 2010-2015, ITAR-TASS reports.
"The proceeds from the sale of such assets should become an important resource for development. According to tentative estimates, we can talk about the amount of 100 billion rubles. Russian Railways Authority should earmark the proceeds to send them to fund their key projects", ITAR-TASS quoted Mr. Putin as saying.
Russian Railways (RZD OJSC) President Vladimir Yakunin had said that the RZD could sell up to 35% stake in TransContainer during the upcoming IPO. Previously, the company posted 15% of TransContainer, now that number is projected to reach 50% minus one share.
"The proceeds from the sale of such assets should become an important resource for development. According to tentative estimates, we can talk about the amount of 100 billion rubles. Russian Railways Authority should earmark the proceeds to send them to fund their key projects", ITAR-TASS quoted Mr. Putin as saying.
Russian Railways (RZD OJSC) President Vladimir Yakunin had said that the RZD could sell up to 35% stake in TransContainer during the upcoming IPO. Previously, the company posted 15% of TransContainer, now that number is projected to reach 50% minus one share.