The European Bank for Reconstruction and Development (EBRD) could sign one more agreement with public joint-stock company Ukrzaliznytsia in 2018 to provide funds to buy wagons. An Interfax-Ukraine correspondent has reported that Deputy Director of the EBRD for Ukraine Marina Petrov gave the information at the Ukrainian Infrastructure Forum 2018 in Kyiv.
“We hope that in the near term we will sign one more deal on the purchase of wagons,” she said, not specifying the details of the future agreement.
Petrov also said that the annual total volume of lending in the infrastructure area of Ukraine by the EBRD is up to EUR 300 million.
“We expect that EUR 150-300 million, which we usually make in the transport sector a year, we would make this year,” Petrov said.
As reported, Ukrzaliznytsia seeks to buy around 9,000 new wagons in 2018, including 5,180 from third parties. 3,400 out of 5,180 wagons to be bought from third parties some will be bought using the planned loan of the EBRD.
Public joint-stock company Ukrzaliznytsia tentatively saw UAH 20 million of profit in January and February 2018, the company’s press service has reported.
The press service said that revenue from transportation totaled UAH 12 billion, which is UAH 1.3 million or 12.2% more than a year ago.
In January and February 2018, freight flow grew by 1.6% of the target and passenger flow – by 5.2% year-over-year.
“The upward pace in the financial performance of Ukrzaliznytsia in the first months of 2018 was achieved thanks to well-coordinated work of the team, constructive relations with customers and government support of the industry,” acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov said.
According to the report, among other things, one of the strategic tasks for the industry is capital investments in the renewal of fixed assets. So, in the two months of 2018, at own expense, almost UAH 1.7 billion of capital investments were made, which is 2.5-fold more than in the same period of 2017. This includes more than UAH 94 million sent to the construction of the Beskydsky tunnel. Another UAH 304.2 million was allocated for modernization and UAH 156.7 million for capital repairs.
