UNIAN
Audit firm Deloitte&Touche intends to complete its appraisal of the assets of the State Administration of Railway Transport of Ukraine (Ukrzaliznytsia) by May 15 2015, according to the Minister of Infrastructure of Ukraine Andriy Pyvovarsky.
As soon as the appraisal of company’s assets is finished, all the materials will be transferred to the State Property Fund, Pyvovarsky said.
"After that we will create a balance, and set up a company," the minister added.
As UNIAN reported earlier, it is planned to establish a joint stock company on the basis of Ukrzaliznytsia by September this year.
The legislative framework for start of the reform of the railway industry was founded in February 2012 with the adoption of the Law of Ukraine on corporatization of Ukrzaliznytsia, according to which the reform was to be conducted within three months, but the issue was raised only in 2014.
In particular, at the end of June last year, Ukrainian government approved a decree on the establishment by early 2015 of a public joint stock company Ukrainian Railways on the basis of Ukrzaliznytsia with full state capital and no outsider shareholders. However, the timing of reform was postponed due to litigation between the company and the Antimonopoly Committee of Ukraine.
The new business entity is planned to be established via a merger of Ukrzaliznytsia, six railways, enterprises, institutions and organizations of railway transport for general use.
In addition, the authorized capital will be formed by means of shares, interest and share of stocks owned by the state in companies established with the participation of railway transport bodies.