PJSC Ukrzaliznytsia plans to start works to electrify the Dolynska-Mykolaiv-Kolosivka rail section in March 2019.
The company said that the ratification of the financial agreement between Ukraine and the European Investment Bank (EIB) under the Ukraine Railway Modernization Project by the Verkhovna Rada would allow launching an open tender to select a general contractor to electrify the Dolynska-Mykolaiv-Kolosivka rail section.
The company expects to use the first tranche at the end of May 2019. The minimum size of the tranche is EUR 5 million, and the total number of tranches will be up to 20, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov said.
The project provides for two phases of implementation: work on the Dolynska-Mykolaiv section (the operational length is 148 km) is scheduled from March 2019 to May 2023, and on the Mykolaiv-Kolosivka section (105 km) from June 2019 to October 2021.
As reported, the Verkhovna Rada has ratified a financial agreement (Ukraine Railway Modernization Project) between Ukraine and the EIB on the provision of a EUR 150 million loan to Ukraine, foreseeing funding of the modernization and expansion of the Dolynska-Mykolaiv-Kolosivka railway section.
In January 2018, the Cabinet of Ministers of Ukraine approved the project on the reconstruction of the Dolynska-Mykolaiv railway section with increased capacity of the Znamianka-Dolynska-Mykolaiv section.
On December 19, 2016 a financial agreement on the Ukraine Railway Modernization Project (modernization of the infrastructure of PJSC Ukrzaliznytsia) was signed with the EIB, which provides for a loan of EUR 150 million.
DOLYNSKA-MYKOLAIV-KOLOSIVKA, ELECTRIFICATION, RAIL SECTION, UKRZALIZNYTSIA
