EBRD has allocated $150 million for Railways

ЕБРР выделил $150 млн для Укрзализныци

The signing of an agreement between EBRD and Ukrzaliznytsia

Ukrzaliznytsia will purchase new freight wagons, which will work in the market as a private Park, said Evgeny Kravtsov.

The European Bank for reconstruction and development (EBRD) and uz peed a long-term loan agreement on the allocation of Bank $ 150 million for the purchase of new freight wagons.

This was announced by acting Chairman of the Board of railroad Evgeny Kravtsov on his page in Facebook on Friday, 9 November.

“A few hours ago signed a long-term loan agreement with EBRD for the purchase of new freight wagons… We get $150 million at a good interest rate. It is lower than in the banking market of Ukraine and international capital markets. On this money we will build the most demanded rolling stock – freight wagons”, – wrote he.

According to him, this loan without government guarantees. The tender for the gondolas have already been announced, the first deliveries are expected before the end of 2018.

“These cars will give in separately incorporated subsidiary. This will allow you to set real market rates for freight transportation, cars will be able to work in the market as a private Park and earn much more than the Park inventory,” – said Kravtsov.

He assured that the Railways is an unprecedented working conditions, which for the first time will enable you to plan for the return of rolling stock.

Earlier it became known that the EBRD will provide Ukrzaliznytsia under the state guarantees a loan of 150 million euros for the construction of the second track, electrification and modernization of signaling systems and communication in the direction Dolynska – Mykolaiv – Kolosivka.

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