Ukrzaliznytsia (UZ) and DAI Global LLC, a development company working with international development agencies, have signed a memorandum on the implementation of the international technical assistance project Economic Support for Ukraine, which provides for the development of Ukrainian grain exports by rail, the UZ press service said on Friday.
“Our common task is to increase grain exports by developing solutions that will help increase and demonstrate the efficiency and profitability of Ukraine’s rail export logistics,” said Yevhen Lyashchenko, Chairman of the Board of UZ.
According to the release, the memorandum refers to support in the repair and restoration of grain hoppers and the purchase of locomotives, as well as reducing grain transportation costs through improved cross-border cooperation, joint actions that reduce costs and increase the efficiency of weighing and scanning cargo, and improving transshipment equipment.
In addition, the memorandum provides for the provision of comprehensive services for the design and construction of priority border crossing points (BCPs) and other areas and projects that will increase the ability to export agricultural products.
Within the framework of the project, DAI Global will primarily work in the field of rail transport. In particular, the company will modernize the infrastructure of border crossing points, purchase shunting locomotives, equipment for weighing and monitoring cargo transportation with a focus on grain crops.
The company will also facilitate and support the attraction of additional funding, in particular from international financial institutions, for the implementation of infrastructure projects.
As reported, earlier in September, UZ agreed to work together to develop intermodal rail traffic between Ukraine and Austria with the Austrian railway company Rail Cargo Austria.
