30 May 2013 19:23

Russian Railways plans to raise 80 bln rubles from National Welfare Fund in 2013-14

SOCHI. May 30 (Interfax) - OJSC Russian Railways (RZD) plans to raise 80 billion rubles from the National Welfare Fund in 2013-2014, the company's Senior Vice President Vadim Mikhailov told reporters on the sidelines of the railway business forum 'Strategic Partnership 1520' in Sochi on Thursday.

"We want 40 billion rubles a year," he said.

In comparison with the Russian Pension Fund's infrastructure bonds, National Welfare Fund resources set forth a tougher procedure for use and shorter return periods of ten to 15 years, Mikhailov said.