The Deloitte audit firm valued the assets of the State Railway Administration (Ukrzaliznytsia) at UAH 245 billion, Ukraine’s Minister of Infrastructure Andrii Pyvovarskyi announced at a Cabinet of Ministers meeting on corporatization of Ukrzaliznytsia.
"Based on the independent valuation performed by Deloitte, the market value of Ukrzaliznytsia today is approximately UAH 245 billion. The replacement cost will be UAH 1.2 trillion. However, considering the fact that its infrastructure is worn out, we have come down from UAH 1.2 trillion to UAH 245 billion," he said.
According to him, the State Property Fund of Ukraine agrees with this valuation, the CFTS correspondent reports.
According to Pyvovarskyi, this amount does not include the valuation of Ukrzaliznytsia’s assets in the Crimea and the conflict zone in eastern Ukraine.
As reported, the Cabinet of Ministers of Ukraine may adopt a decision on establishment of the Ukrainian Zaliznytsia Public Joint-Stock Company on September 2.
"Today, I will ask my fellow ministers to adopt a decision on establishment of the Ukrainian Zaliznytsia Public Joint-Stock Company," Pyvovarskyi said at a government meeting.
In addition, he said that decisions would be made on approval of the company's charter, creation of its management board, and creation of its supervisory board.
Pyvovarskyi earlier said that the issue of privatization of Ukrzaliznytsia was not on the agenda and would not be on the agenda in the future.
"Nobody has spoken about privatization in the ministry or at the Cabinet level. It is against the law," Pyvovarskyi said.
