The Deloitte company will complete the valuation of the assets of the State Railway Administration (Ukrzaliznytsia) on 15 May 2015, Minister of Infrastructure Andrii Pyvovarskyi has announced, the CFTS portal reports.
"The valuation by Deloitte should be completed on 15 May. Immediately after that, we will transfer everything to the State Property Fund. I hope that the fund will make its assessment on schedule, by mid-June as expected. We will then create a company," said Pyvovarskyi.
Pyvovarskyi said in early April that a public joint-stock company called Ukrainska Zaliznytsia would be created in September 2015. At the time, he said that Deloitte was continuing the valuation of Ukrzaliznytsia’s assets and estimated that the valuation would be completed in mid-June, the Interfax-Ukraine news agency writes.
The Ukrainska Zaliznytsia public joint-stock company, in which 100% of the shares will be owned by the state, will be created on the basis of Ukrzaliznytsia and more than 50 public railway enterprises and institutions, which will be merged.
The list of enterprises on the basis of which the public joint-stock company will be created includes six railroads, wagon repair factories, state-owned rail enterprises, railway design and research institutes, and a number of design and engineering bureaus.
The authorized capital of the new public joint-stock company will be created through contribution of the assets of Ukrzaliznytsia and the above-mentioned enterprises, as well as 100% of the state’s shares in the Dnepropetrovsk locomotive repair plant, the Zaporozhe electric locomotive repair plant, the Lvov locomotive repair plant, the Kiev electric locomotive repair plant, the Transsignal electrical engineering plant, the Korosten reinforced concrete sleeper plant, and the Gnivansk special concrete plant.
In addition, the authorized capital of the public joint-stock company will include the state’s stakes in the companies Moldromukrtrans (33.33%), the Austria-based Etrans freight forwarding company (25.72%), Breitspur Planungsgesellschaft mbH (25%), the Ukrtransleasing leasing company (47.67%), the Ukrvneshtrans international transport company (25.1%), and the Inter-Polis insurance company (8.16%).