State Transport Leasing Company (STLC) says it continues to receive strong capital support from the State, 100% shareholder of the company, efficiently executing its mandate in development of the Russian transportation sector.
On March 15th, the Government of the Russian Federation injected further RUB 1,978m in STLC’s equity under the project of ferry line development at the Vanino-Kholmsk in Sakhalin region. The capital injection follows preceding series of equity investments from the State in the end of 2016 of total amount of RUB 12.4bn. Up to date STLC received over RUB 59bn of the State capital injections maintaining industry-leading capital adequacy levels.
The capital injection has been made within the Federal Program of the development of Russian transport system (2010-2020) and is the second tranche of RUB 5,544m federal budget investments to co-finance the construction of two new auto-railway ferries at the Vanino-Kholmsk line. The first tranche of RUB 3,565m equity investment was received earlier in December 2016.
In the end of 2016, STLC also received (in capital injections from the Government of the Russian Federation) RUB 5.0bn to support the regional aircraft leasing (SSJ-100 and L-410 aircrafts) and RUB 3.85bn to develop the operating lease of helicopters.