Business news from Ukraine

UKRAINE WILL OFFER CHINA LOCALIZATION OF PRODUCTION OF ELECTRIC LOCOMOTIVES

22 May , 2017  

KYIV. May 22 (Interfax-Ukraine) – Ukraine intends to offer China production of electric locomotives with the maximum possible localization in its territory.
According to an Interfax-Ukraine correspondent, Deputy Minister of Infrastructure for European Integration Viktor Dovhan said this at a press conference on the results of the visit of the Ukrainian delegation to the People’s Republic of China in Kyiv.
“Chinese experts in June will come to us, to Ukrzaliznytsia to work out a mechanism for auditing and investing investment in electric locomotives, supply an electric locomotive sample,” he said.
Speaking about the past testing of a locomotive manufactured by General Electric, Dovhan reported on the creation of a joint project group between GE, Ukrzaliznytsia and the Ministry of Infrastructure of Ukraine: there is a plan to enter the investment project within a year.
As reported, the U.S. company General Electric Transportation is interested in investing in Ukraine, in particular in the modernization of the rolling stock of the Ukrainian railways.
Prior to that, General Electric on July 21, 2016 signed memorandums of cooperation with the state-owned enterprise Antonov and Ukrzaliznytsia.