Ukraine will receive 7,000 freight cars, with EBRD financial support

Ukrainian Railways (Ukrzaliznytsya) has announced that it will receive 3,500 rail freight cars in 2018, while in 2019 it will receive another 3,500 rail freight cars, the purchase being facilitated by an investment from the European Bank for Reconstruction and Development (EBRD). In addition, the European Bank has announced a series of infrastructure investments in Ukraine.
“This project will be implemented by creating a special rolling stock company in whose administration the rail freight cars, purchased with credit funds, will be transferred,” Yevgeny Kravtsov, the interim president of Ukrzaliznytsya’s Board of Administration, pointed out.
Ownership of the rolling stock will be shared between the EBRD and the railway transport operator in Ukraine.
In recent years, rail infrastructure has benefited from investments to electrify and modernise the main lines.
“By running this project, we send a strong signal to other potential investors interested in the projects carried out by Ukrzaliznytsya,” Kravtsov added.
We remind that that in December 2017, the EBRD announced a financial plan worth UAH 30 billion (EUR 976 million) for the purchase of up to 8,800 freight wagons in Ukraine.

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