MOSCOW, December 18. /TASS/. Russian Railways will allot extra stock to finance the corporate investment program, the holding said on the information disclosure server.

The company is expected to float preferred stock worth 21.2 bln rubles ($234.8 mln) and ordinary stock totaling 24.25 bln rubles ($268.6 mln) by close subscription in favor of the single stockholder - the Russian government.

The investment program of Russian Railways for 2024 was reported earlier to be more than 1.27 trillion rubles ($14.1 bln).