Article 31. Financial and economic activity in railway transport

Financial and economic activity in public railway transport is carried out at the expense of income from its own economic activity, funds from the State budget of the Republic of Uzbekistan in the part regarding the compensation of losses related to the transportation of passengers in internal communications (except for high-speed and express trains), and other sources not prohibited by legislation.

Centralized insurance and reserve funds may be established by the authorized organization to solve tasks for the development of public railway transport.

Settlements of consignors (senders), consignees (recipients), and freight forwarders with public railway transport enterprises, carriers, and infrastructure operators for the carriage of cargo and freight-baggage, cargo operations, transport-expedition services, and the use of rolling stock, as well as the payment of penalties for non-fulfillment of contractual obligations and damage caused to public railway transport enterprises, shall be carried out in the manner established by legislation.

The financing of suburban passenger transportation may be carried out by hokimiyats at the expense of local budget funds or by interested an individuals or legal entities.

Dividends payable to the State Budget of the Republic of Uzbekistan from the state share in the activities of carriers, car (container) operators, and infrastructure operators, as well as from the economic activities of terminals, shall remain at their disposal on the condition that they are directed toward the development of railway transport objects. This does not apply to projects implemented on the basis of a concession agreement or a public-private partnership agreement.