Yakunin is made to save Mechel

The payment will be larger than Mr. Zyuzin asked.

The government discusses the sale of the road to the Elginsky coal deposit to RZD. Such a deal was discussed in the spring. It was planned to transfer the funds (70 bln roubles) obtained from the “Ulak-Elga” railroad sale (321 km) to reduce the debts of Mechel. The funds were planned to be received from the federal budget – on the account of the expenditure rise fort the program of development of BAM and Transsib (now -562 bln roubles until 2018). As a result the Government decided not to change the budget in 2014.

However, last week the Ministry of Finance, Federal Tariff Service, the banks-creditors, RZD, Mechel renewed the negotiations on the sale. The amount rose by 1 bln roubles. The banks-creditors of Mechel will be able to issue funds for RZD, and Mechel will settle a part of the debt with the funds received from RZD. 71 bln roubles are the actual expenditure of Mechel for the construction.