Date: 3 weeks ago   Category: Economy

Ministry of Transport called projects for investments of super profits of the companies - RIA Novosti, 9/4/2018


Building of the Ministry of Transport of the Russian Federation. Archival photo
VLADIMIR, 4 Sep — RIA Novosti. The Transport Minister of the Russian Federation Evgeny Dietrich called possible projects for investments of "super profits" of the companies from the list of the Assistant to the President of the Russian Federation Andrey Belousov. According to the minister, these means can be invested in any transport projects with use of the mechanism of concession agreements, for example, in port infrastructure. Belousov in July has suggested to withdraw extra income from ruble depreciation from the metallurgical, petrochemical companies and producers of fertilizers for 500 billion rubles a year. Following the results of a meeting with business on August 24 it has reported about the arrangement in common to decide how without prejudice to the current activity of the companies to stimulate their investments into the investment projects corresponding to priorities of the May decree of the Russian President. According to Dietrich, these investments can be made in any transport projects of the Russian Federation. "Some companies from this list work in seaports today, overload these or those freights. I see a possibility of such synergy when expansion of capacity of the railroad is synchronized with development of port capacities which are undertaken by business" — he has told journalists. The minister has reminded of experience of the conclusion of concession agreements in transport branch between the state and private investors. "These documents have defined the approaches allowing the private trader to invest in the state infrastructure, at the same time the property remains state. The investor, putting in state ownership, has an opportunity to use it" — Dietrich has explained. This mechanism, according to him, can be used for involvement of the companies from Belousov's list. "If today, for example, in port infrastructure the state has to construct a quay and some elements of port infrastructure because it only state, it is possible to offer to invest to the investor on the basis of the contract on concession in these objects money and then to acquire the right to use them for some period of time. Respectively, private investments increase, the companies are attracted — I mean an opportunity to invest in Russia, the volume of the state investments decreases and can be directed to something else" — the Transport Minister has noted.

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