Business news from Ukraine

Business news from Ukraine

“Ukrzaliznytsia” Proposes Two Projects for Construction of European-Gauge Railway

At the “Carpathian Eight” summit in Bukovel, JSC “Ukrzaliznytsia” proposed a project for the construction of a new 47-km section of European-gauge track from Chernivtsi to Vadul-Sireta on the border with Romania.

According to the project description published on the summit’s website, the investment needed for this project is estimated at $186 million, with grant funding being the preferred option.

“Ukrzaliznytsia” notes that the section is intended to be integrated into the new TEN-T transport corridor “Baltic Sea—Black Sea—Aegean Sea,” which will provide a direct connection between the Ukrainian network and EU infrastructure.

The project is in the final stages of its feasibility study, and implementation is planned to take four years.

In addition, Ukrzaliznytsia proposed at the summit a project to integrate Lviv Central Station with the future European-gauge line from Poland to Sknyliv Station. This involves the construction of a 5-kilometer European-gauge bypass section around Lviv, combined with the construction of a multifunctional passenger terminal at Sknyliv Station.

The funding requirement for this project—in which Poland has been invited to participate—is $100 million; grant funding is also desirable.

A preliminary feasibility study is currently being developed with support from JASPERS, and the project is expected to take five years to complete.

As previously reported, Ukrzaliznytsia has also proposed establishing, in partnership with investors, a low-cost passenger carrier operating on routes between Ukraine and the EU on European-standard tracks, with investments in share capital totaling approximately $441 million. According to the plan, the carrier’s routes will run from western Ukrainian railway hubs—including Uzhhorod, Lviv, and Kovel—to markets in Central and Eastern Europe, specifically Budapest, Bratislava, Warsaw, Vienna, and Berlin.

The first founding summit of the “Carpathian 8” (Carpathian 8 Summit) is taking place at the Bukovel ski resort in the Ivano-Frankivsk region from September 18 to 20.

 

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