The Russian government will acquire this year a new share issue of RZD for RUB 31.6 billion (USD 529.6 million). A draft government decree on this matter has already been published on the portal regulation.gov.ru. RZD will receive the funds after undergoing the corporate procedures. The funds will be used by the railway company on four projects: the development of the Moscow transport hub, the reconstruction of the approaches to the southern ports across the southeast of Rostov region, the construction of a double track electrified line Zhuravka-Millerovo, and for the Moscow-Kazan high-speed rail project.
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