Provides support for a key sector reform in the Russian Federation
Financing of tank wagons acquisitions is consistent with the Russian Railroad Ministry’s strategy of mobilising private investment into the railroad sector - the acquisition of wagons by privatised transport companies is in line with the strategy of the Russian Government, which has launched a major reform in the railway industry. According to the announced structure of the reform the vast majority of the wagon fleet will belong to private companies.
Supports private ownership in the Russian railway sector
The Government has launched a reform programme that aims to shift the freight forwarding operations from MPS to the private sector. Currently, independent forwarders own less than 20% of the total freight cars in operation in Russia. The railway reform aims to increase the share owned by private operators to 50% by 2010.
Aims to enhance competition
Supporting an independent transport company would enhance the competition among the other players, since currently many transportation companies belong to major oil companies and mainly transport the parent company’s cargo. Having an independent transportation alternative would create value via outsourcing opportunities, as some companies start switching to independent operators rather than invest their money in their own captive transport subsidiaries.
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