OREANDA-NEWS. On June 04, 2007 the tender committee of Russian Railways announced the four leasing companies which would participate in the tender to supply passenger and freight rolling stock worth 17,42 billion roubles in 2007: Inpromleasing, Intekleasing, the Russian-German Leasing Company RG Leasing and VTB Leasing, reported the press-centre of  Russian Railways.

After studying the proposals from the companies, the tender committee will announce which ones are to take part in the tender on 18 June.

Russian Railways intends to lease passenger coaches worth up to 6,3 billion roubles, freight half-wagons worth up to 4,3 billion roubles, electric trains worth up to 2,22 billion roubles, rail busses worth 1,35 billion roubles, diesel trains worth up to 0,3 billion roubles, electric locomotives worth up to 1,85 billion roubles and diesel-electric locomotives worth up to 1,1 billion roubles.

Each company must pay a deposit of 1% of the application amount to ensure its participation in the tender. The leasing contract will be concluded for each individual type of object to be leased. The total amount of the advance to the companies will be 30% of the leasing contract. The initial (maximum) cost of financing under the contracts will be 8,7% per annum, including the commissions to the leasing company. The leasing contract will be for 5 to 8 years depending on the leased object.

This is the second tender to select leasing companies to supply rolling stock to Russian Railways in 2007. In February, RG Leasing won the first tender and now supplies Russian Railways with passenger and freight rolling stock worth 17 billion roubles (passenger coaches worth up to 6 billion roubles, freight half-wagons worth up to 8 billion roubles and electric trains worth up to 3 billion roubles).