Ukraine: tariff increase for rail freight transport comes into force

The resolution of the Infrastructure Ministry of Ukraine no. 357 from 20 October 2017 amending the coefficients applied to the tariffs for freight transport in Ukraine and services affiliated with them entered into force on 31 October 2017. The resolution introduces the 15% indexation of freight tariffs and was published in the government’s official journal Uriadovy Kurier.
The 15% increase in the tariffs for freight transport is a compromise found during a long dialog between the company and market players, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov said. All funds from the indexation of the tariff will be accumulated in a separate investment account and the company will report on the use of these funds.
“Thanks to the openness, we have managed to reach a consensus in negotiations with the business on indexation of the tariffs. We will, in particular, inject the funds from indexation to the modernization, construction and purchase of rolling stock, as well as infrastructure. The program for the renewal of rolling stock until 2021 provides UAH 108 billion (3.4 billion euros) for this purpose. This is a significant investment that the industry has not had for a long time. It will help stabilize its work, increase traffic volumes and strengthen the economy of Ukraine,” Kravtsov said.


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