In 2024, Lemtrans, Ukraine’s largest private rail transportation operator, increased its investments by 2.9 times compared to 2023 to UAH 478 million, while total transportation volume decreased by 6% to 15.9 million tons.
“Lemtrans continues to work to ensure the logistics and economic stability of Ukraine by supplying critical raw materials and investing in new infrastructure projects… In 2024, the group allocated more than UAH 478 million for infrastructure and logistics projects, which is three times higher than in 2023, when investments amounted to more than UAH 160 million,” Lemtrans’ press service said on Tuesday.
The company has invested in the development of terminals and container business, allocating UAH 441 million in this area, the statement said.
In the second half of 2023, the construction of a modern container terminal in Vinnytsia was completed. Lemtrans also continued to implement an investment program aimed at maintaining the railcar fleet and further improving the efficiency of railcar repair facilities. The volume of scheduled and current repairs of freight cars in 2024 reached 5,635 units.
Lemtrans’ total transportation volume in 2024 amounted to 15.9 million tons, which is 6% less than in 2023, the press service reported.
Coal accounted for the bulk of transportation – 10.9 million tons. Iron ore was the second largest (2.3 million tons). In addition, the company transported 2.01 million tons of construction materials and 0.6 million tons of other cargo in 2024, the report said.
“Starting from the third quarter, coal transportation decreased due to the massive attacks by Russia on Ukraine’s energy infrastructure. Damage to production assets led to a reduction in transportation volumes by shippers,” the company’s press service explained.
Based on the results of their activities in 2024, the companies that are part of the Lemtrans group transferred more than UAH 712 million in taxes and fees to the budgets of all levels. This is 30% less than in 2023, when UAH 929 million was paid.
“In 2024, Lemtrans transferred about UAH 647 million to the state budget. Local budgets were replenished by UAH 66 million. In addition, Lemtrans Group paid more than UAH 59 million in unified social tax, the press service said.
“Despite the challenges of wartime, we continue to invest in infrastructure projects… The container terminal in Vinnytsia expands the access of Ukrainian enterprises to world markets, contributing to the growth of export-import operations and strengthening the economic potential of both the region and the country as a whole. This is especially important in the current environment, when economic sustainability is a key factor for Ukraine,” Lemtrans CEO Volodymyr Mezentsev said, as quoted by the press service.
Earlier it was reported that Yegor Grebennikov, co-owner of the port operator Transinvestservice (TIS), will become a co-owner of the Mostyska Dry Port project in Vinnytsia, which Lemtrans is implementing jointly with Rail Investment. The relevant permission was granted by the Antimonopoly Committee.
