Russian government to provide support for national producers of rolling stock
Published: Wed, 2015-03-04 12:51The Russian government plans to design a complex of measures for the support of the national industry of transport engineering and railway car building, according to sources close to Russia’s Prime-Minister Dmitry Medvedev.
According to Alexey Tsydenov, deputy head of the Ministry of Transport of the Russian Federation, such measures may be adopted during the next governmental meeting, scheduled for March 16.
There is a possibility that these measures will include the provision of support to GAZ Group, Tver Carriage Works and other Russia’s leading producers of rolling stock. It is planned that such a support may be in the form of state loan guarantees and subsidization of interest rates on loans.
Earlier this year VTB, one of Russia’s leading banks, announced the provision of 15 billion rubles’ loan to domestic producers of locomotives.