Balcon: “uz” was allowed to raise tariffs

Балчун: "Укрзализныци" разрешили повысить тарифы

The Chairman of the Board of PJSC “Ukrzaliznytsia” Wojciech Balczun

Tariff Committee of the Ministry of infrastructure has allowed “Ukrzaliznytsia” to raise tariffs. This was announced by the Chairman of the Board of PJSC “Ukrainian Railways” Wojciech Balczun during the final press conference, UNN reports.

“Tariff Committee of the Ministry of infrastructure last week approved our proposal for tariff increase, and for this we are very grateful and we very much hope that the discussions about the financial plan we will finish this week,” said Balcon.

He noted that the financial plan “Ukrzaliznytsi” for 2017 is based on a large investment program this year 5 billion, in 2017 – more than 27 billion on rolling stock and infrastructure improvements.

Also Balczun added that “Ukrzaliznytsya” in December found a compromise with the owners of Eurobonds.

“We are constantly remains the problem of historical debts. “Uz” is in a state of technical default. Perhaps this is a complex economic concept, but we have to restructure our debts, because if we do not, that’s the problem with paying for Russian Eurobonds on 500 million euros,” – he said.

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According to Balcona, “Ukrzaliznytsya” has begun negotiations with holders of Eurobonds, and in December a compromise was reached to narrow – gauge railway was extended to the so-called waiver in 2017. “This means that we will have a year of restructuring, the payment of our historical debt,” he added.

According to the head of “Ukrzaliznytsya”, the company plans to spend 108 billion on rolling stock.

He noted that the improvement of the financial situation in the “Ukrzaliznytsia” means an increase in its credit rating that will enable the company in the future to take out loans to update the rolling stock.

“This strategy of rolling stock also means that we will create in Ukraine, 10 thousand new jobs”, – said Balczun.

Thus, according to him, only for steel to 2017 “Ukrzaliznytsya” plans to spend about 3 billion UAH.

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