OREANDA-NEWS. November 18, 2011. The Russian government has decided to sell 25% minus 3 shares in the Central Suburban Passenger Company, which is currently owned by Russian Railways, reported the press-centre of Russian Railways.

The sale of 25% minus 3 shares of the authorised capital will take place at a public auction in Moscow at a price not lower than the market value.

The price of the stake will be based on the report of an independent appraiser, but will not be below the par value of the shares.

The Open Joint Stock Company Central Suburban Passenger Company Company (Central SPC) is a subsidiary of Russian Railways, which owns a 50% stake minus two shares.

The Central SPC is Russia’s largest rail suburban passenger company and currently accounts for more than 80% of commuter rail transportation on Moscow Railways and 52% of suburban passenger numbers in Russia as a whole. In total, the company employs about 7,000 people.

The Central SPC provides commuter transport in all directions on Moscow Railways, serving 1.3 million passengers daily. The rolling stock used in suburban commuter services consists of 1,100 pairs of trains, of which 128 are fast suburban trains offering extra comfort.

The Central SPC also provides commuter services in 10 parts of the Russian Federation, including Moscow and the Moscow, Kursk, Vladimir, Ryazan, Tula, Kaluga, Smolensk, Bryansk and Oryol regions.

The Central SPC is focused on cost-effectiveness and improving the quality of transport services to its passengers.

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The Central SPC began operations on 1 January 2006 with a service on the Paveletsky route on Moscow Railways.

Since 1 May 2007, the Central SPC has expanded its services on the Kursk and Kazan routes and since 1 October 2008 has been serving commuters on the Yaroslavl route.

On 1 July 2010 it began providing services on the Savyolovsky, Riga, and Belorussian routes and from 1 November 2010 on the Kiev and Gorky routes.

As a result, the Central SPC now operates from Moscow to Uzunovo on the Paveletsky route, from Moscow to Serpukhov on the Kursk route, from Moscow to Ryazan and Cherusti station on the Kazan route, from Moscow to Alexandrov and Fryazevo station on the Yaroslavl route, from Moscow to Mozhaisk on the Belorussian route, from Moscow to Dubna on the Savyolovsky route and from Moscow to Shakhovskaya on the Riga route.

As a result, the Central SPC now provides services from Moscow to the following destinations:
Uzunovo on the Paveletsky route

Serpukhov on the Kursk route

Ryazan and Cherusti station on the Kazan route

Alexandrov and Fryazevo station on the Yaroslavl route

Mozhaisk on the Belorussian route

Dubna on the Savyolovsky route

Shakhovskaya on the Riga route.