Date: 2 months ago   Category: Economy

The infrastructure plan allows the Russian Railway not to pay dividends - RIA Novosti, 11.10.2018


High-speed electric train the Swallow in Sochi. Archival photo
MOSCOW, 11 Oct — RIA Novosti. The Government of the Russian Federation registered in a comprehensive plan of modernization and expansion of the main infrastructure until 2024 a possibility of the Russian Railway not to pay dividends on common stocks at realization of a number of the Depositphotos/VladimirE projects.© of media: the Russian Railway suggested to build the bridge to Sakhalin at the expense of private an investorovgendirektor of the Russian Railway Oleg Belozerov in March reported that the company suggests to pay dividends only on preference shares, and to direct other profit to investments. Alan Lushnikov holding then a post of the Deputy Minister of Transport of the Russian Federation in September told journalists that till 2025 dividends on common stocks will allow not to pay the Russian Railway and to invest net profit in projects, but then the company should not apply for 1 trillion rubles of state support, in particular for 200 billion rubles for acceleration of the movement of containers and increase in transit. The Cabinet of Ministers on Thursday published the order of September 30, 2018 about the statement of a comprehensive plan of modernization and expansion of the main infrastructure until 2024. In particular, in it realization of a number of railway projects is specified. "Actions of JSC Russian Railways are exercised with preservation its rights to dispose of the net profit got during implementation of the plan without payment of dividends for common stocks" — it is said in the approved plan.

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