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Ukrzaliznytsia invests over UAH 26 billion in infrastructure and rolling stock

Ukraine

The new management of the company faces the task of bringing the company to a profitable level within the next year.

Ukrzaliznytsia invests over UAH 26 billion in infrastructure and rolling stock

In 2021, Ukrzaliznytsia plans to invest more than UAH 25 billion in infrastructure, locomotives, freight cars and passenger transportation, - said Irakli Yezgubaya, director of commercial work and logistics, during the International Forum of Infrastructure and Transport.

According to him, the company's financial plan stipulates that the main funds will be used to repair and modernize tracks, locomotives, freight and passenger cars. It is also planned to purchase new rolling stock. A set of such measures will increase the company's efficiency, in particular, increase the volume of cargo and passenger traffic.

“The new management of the company has a task to bring the company to a profitable level within the next year. It depends on how much we can ensure uninterrupted transportation of goods. To this end, we are already working on solving the main problems - a worn-out fleet of locomotives and wagons, overdue infrastructure repairs. That is why it is important that we approve both the financial plan and all the actions provided for in it as soon as possible, ”the representative of Ukrzaliznytsia noted.

Also relevant for the company is the issue of increasing the share of Ukrzaliznytsia cars in the freight market.

“To be competitive in the transportation market, we must provide our customers with quality services. That is why it was decided to invest 7 billion hryvnia in the renewal of the freight car fleet, 4.1 billion hryvnia - in the locomotive economy, "Irakli Yezgubai shared his plans.

The next areas of investment in 2021, he named the railway infrastructure, the renewal of which is planned to send 9.4 billion hryvnia, and passenger transportation - 2 billion hryvnia, respectively.

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