Ukrzaliznytsya plans to invest UAH 1.656 billion (USD 66 million USD) into rolling stock acquisitions, rrcrail.com reports. The company will obtain the funds through the 15% freight tariffs increase scheduled for May.
Ukrzaliznytsya expects to earn UAH 4.139 billion (USD 165 million) from the tariff increase. USD 14 million will be invested for the acquisitionn of new freight rolling stock, and USD 18.5 million for the modernization of freight wagons, and USD 40 million for locomotive modernization.
The remaining funds will be invested into track and electric network modernization (52 M USD) as well as track machine acquisitions and maintenance (21 M USD).
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