RZD received 30 billion (USD 555.8 million) from the National Wealth Fund to finance locomotive acquisitions in 2015, Russian Rail Consulting reports. In total, OAO RZD is to get 60 B RUR (USD 1.2 billion) for this purpose.
“In fact, we have no debt. We have agreed with [locomotive] manufacturers that, in view of the decisions taken by the Government, the locomotive fleet renewal is to be funded by the National Wealth Fund. There are certain procedures and we could not transfer the funds before we received them at our account. Now, as the first installment is there, we have effected the payments,” OAO RZD President Vladimir Yakunin said.
Transmashholding President Andrey Bokarev told journalists that locomotive supplies to RZD have been settled for 2015.
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