Deloitte is to finish the appraisal of the assets of the State Railway Administration of Ukraine (Ukrzaliznytsia) on May 15, 2015, Ukrainian Infrastructure Minister Andriy Pyvovarsky told reporters on Wednesday.

"Deloitte is to finish the appraisal on May 15. They said that they will finish by May 15. At once we will send everything to the State Property Fund of Ukraine and I hope by the middle of June the fund will present its assessment, and then we will form the balance sheet and create the company," he said.

As reported, in early April Pyvovarsky said that joint-stock company for railway transport Ukrainska Zaliznytsia would be created in September 2015. He said that Deloitte continues to appraise the assets of Ukrzaliznytsia and may be finished by the middle of June.

As reported, the law on the specifics of the creation of the joint-stock company for general-use railway transport was signed by the president on March 15, 2012, which created the required legislative base for the reformation of railways.

Public JSC 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 Ukrzaliznytsia and over 50 railway enterprises which are to be reorganized via mergers.

The list of companies, the basis of which Ukrainska Zaliznytsia will be created, includes six railroads, wagon repair plants, railway state-owned enterprises, research and design institutes of railway transport, and a number of design and design-engineering bureaus.

The charter capital of the newly formed joint-stock company will be formed using the property of Ukrzaliznytsia, the above-mentioned companies, as well as 100% of the shares belonging to the state in the charter capital of seven plants - Dnipropetrovsk diesel locomotive repair plant, Zaporizhia electric locomotive repair plant, Lviv locomotive repair plant, Kyiv-based Sichnevoho Povstannia 1918 wagon repair plant, Kyiv electrical plant Transsignal, Korosten plant of reinforced concrete railway sleepers, and Hnyvan special reinforced concrete plant.

State-owned stakes in the charter capitals of Moldromukrtrans LLC (Moldova, 33.33%), ETRANSA Speditions AG (Austria, 25.72%), Breitspur Planungsgesellschaft mbH (Austria, 25%), Ukrtransleasing leasing company (47.67%), Ukrzovnishtrans international transport company (25.1%) and Inter-Policy insurance company (8.16%).