Rostec has confirmed the proposal for the transfer of Russian Railways and JSC «GLONASS»

© RIA Novosti / Alexander Krauledat in fotobounce satellites GLONASS-K. Archival photoRostec has confirmed the proposal for the transfer of Russian Railways and JSC «GLONASS»© RIA Novosti / Alexander Krajevima the image Bank

Rostec has confirmed the proposal for the transfer of joint stock company «GLONASS» in the Railways and rostec, told RIA Novosti in the Corporation.

Informed about the possible transfer of 50 percent of shares of JSC «GLONASS» in the near-and 50 — in the Railways, wrote the newspaper «Kommersant».

«The transfer of JSC «GLONASS» in the Railways and will allow rostec to create a unified national transport and logistics ecosystem. This will ensure economic efficiency and security of the transport-logistic complex of the Russian Federation, as well as the realization of transit potential of the country,» said Rostec.

It was explained that the transfer of JSC «GLONASS» in the Railways and rostec will allow to attract private investors, and thereby increase efficiency and reduce costs of budgets of all levels, the financial burden on businesses and people.

«The project gives the opportunity to create a secure domestic environment for navigation data in the field of road transport. One effect of the transfer of JSC «GLONASS» in the Railways and rostec could be the creation of digital services monitoring the transit of export and import of goods, reduction in travel time transit and multimodal freight and integration with neighboring countries – Kazakhstan, Belarus, China, countries of the European Union,» said Rostec.

In the office of the Vice-Prime Minister Yuri Borisov, who oversees GLONASS, and JSC «GLONASS» declined to comment.

Source