US EXIM to fund locomotive procurement in Ukraine

The Export–Import Bank of the United States, which confirmed the resumption of cooperation with Ukraine, intends to provide financial support for locomotive procurement.
The US EXIM will again cooperate with Ukraine after a five-year interruption.
This announcement was made by the Minister of Infrastructure, Volodymyr Omelyan, during a meeting with representatives of the Wabtec Corporation, US EXIM and Ukrzaliznytsia.
Ukrzaliznytsya received 30 Evolution Series locomotives from General Electric which are already operating in Ukraine. For the first half of 2019, the average daily mileage of diesel locomotives TE33AS was 547 km. “This is on 45% more compared to the series of locomotives that perform similar transportation on Ukrzaliznytsya,” the minister said.
Omelyan hopes that the negotiations between Wabtec and other parties involved in the implementation of the project would be successful for the implementation of the agreement.
At the beginning of 2019, Ukrzaliznytsya announced its intention to purchase 480 new electric locomotives under a 10-year rolling stock renewal project.
In July, the Minister of Infrastructure announced that under the second stage of the contract with General Electric, Ukrzaliznytsia will order 40 additional locomotives. For the new procurement, it is planned to attract long-term financing from international financial institutions in the amount of USD 150 million. The locomotive procurement is part of the USD 1 billion agreement signed in 2018 for the supply of 30 locomotives, additional locomotive kits over 10 years and the rehabilitation of locomotives in the railway’s legacy fleet, and long-term maintenance services.

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