The Russian government has no money in the current budget to support RZD’s potential purchase of assets in Greece and the company will have to raise money from the market, Transport Minister Maxim Sokolov said.
“If this (purchase of Greek assets) is commercially viable and sound, the company may attract money on the free market. Russian Railways can do that … It would be unrealistic to speak about plans of state support for the purchase of the asset, at least taking into account the budget that the ministry has,” he said.
RZD is expected to place a bid in the tender for Greek railway operator Trainose.
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