Home / EMEA / GTLK, the Russian State Transport Leasing Company, and Russian Railways to negotiate locomotives lease agreement

GTLK, the Russian State Transport Leasing Company, and Russian Railways to negotiate locomotives lease agreement

GTLK, the Russian State Transport Leasing Company, and Russian Railways held consultation on future locomotives lease agreement.

In December 2013, Vladimir Yakunin, President of Russian Railways, launched the idea of ​​purchasing locomotives using a financial leasing mechanism. “As for locomotives,  I would like to make a proposal, on the basis of two pilot projects on financial leasing. We concluded that it was possible to implement the same system used by the government for the development of aviation transport, “- said Yakunin.  According to him, leasing could be a solution to overcome the company’s lack of cash flow.

In 2013, GTLK increased by 22% the volume of new leasing to 752 million rubles. Despite the fact that in 2013 the share of railway technology in the business structure of the company fell by 4.4%, the rail segment  is still in the lead, representing 64.6% of the leasing portfolio. 

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