Infrastructure Minister Andriy Pyvovarsky announced that it expects that joint-stock company for railway transport Ukrainska Zaliznytsia would be created in September 2015, Interfax reports. Deloitte continues to appraise the assets of Ukrzaliznytsia and may be finished by the middle of June.
Public JSC Ukrainska Zaliznytsia, 100% of the shares of which will be in state ownership without the right to sell them, will be created on the basis of Ukrzaliznytsia and over 50 railway enterprises which are to be reorganized through mergers.
“Our first priority task is creation of a joint-stock rail transport company in the form of PJSC Ukrainian Railways, in which the state will own a 100% stake. The process of valuation of assets is currently underway, and it is being performed by the Deloitte company. When this is completed, we will proceed to registration of the joint-stock company. This will allow us to separate the functions of governance state management and economic management,”Deputy Minister of Infrastructure Oleksandr Kava said in an interview with the CFTS.
The list of companies based on which Ukrainska Zaliznytsia will be created includes six railroads, wagon repair plants, railway state-owned enterprises, research and design institutes of railway transport, and a number of design and design-engineering bureaus.
The charter capital of the newly formed joint-stock company will be formed using the property of Ukrzaliznytsia, the above-mentioned companies, as well as 100% of the shares belonging to the state in the charter capital of seven plants – Dnipropetrovsk diesel locomotive repair plant, Zaporizhia electric locomotive repair plant, Lviv locomotive repair plant, Kyiv-based Sichnevoho Povstannia 1918 wagon repair plant, Kyiv electrical plant Transsignal, Korosten plant producing reinforced concrete railway sleepers, and Hnyvan special reinforced concrete plant.
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