Large international consulting companies Deloitte&Touche, Ernst&Young and Baker Tilly Ukraine are participating in a tender on assessment of property and ownership rights for the formation of the charter capital of public joint-stock company Ukrainska Zaliznytsia.

An Interfax-Ukraine correspondent has reported that three companies submitted their bids.

The lowest price was given by Baker Tilly Ukraine: UAH 3.167 million (value added tax not included) and UAH 3.8 million (value added tax included).

Deloitte&Touche's price was UAH 12.5 million (value added tax not included) and UAH 15 million (value added tax included), while Ernst&Young's price was UAH 14.167 million (value added tax not included) and UAH 17 million (value added tax included).

According to the press release of Ukrzaliznytsia issued during the opening of bids, the company-winner will be selected on the competitive basis and an agreement will be signed on the independent assessment paid by Ukrzaliznytsia. Among the requirements to the bidders is the availability of documents which confirm the relevant education of appraisers.

The main specialist of the chief department of affairs at Ukrzaliznytsia Vitaliy Nazarets said that the tender commission within three days is to accept the proposal of one of the bidders.

The appraiser is to assess 1.5 million units of fixed assets worth some UAH 84 billion, 630 uncompleted capital investment projects worth UAH 6.5 billion and around 9,500 land plots of 48,000 hectares. The property of railways on the territory where the counterterrorist operation is conducted is to be appraised.

The independent appraisal is to be conducted no later than October 2014, and by late August it is planned to complete a stocktaking of the property of enterprises and economic entities in the railway transport sector.

The formation of the property complex is to be finished by January 1, 2015. The gradual transfer from the territorial-functional structure of management to the vertically-integrated one will be carried out.

The Cabinet of Ministers of Ukraine at a meeting on June 25, 2014 approved a resolution on the creation of joint-stock company Ukrainska Zaliznytsia. Ukrainska Zaliznytsia, 100% of the shares of which will be in state ownership without the right to sell them, will be created on the basis of the Ukrainian Railway Administration (Ukrzaliznytsia), and over 50 railway enterprises are being reorganized via mergers.