Business news from Ukraine

Business news from Ukraine

UKRAINIAN LOCOMOTIVE BUILDING COMPANY SEEKS TO OCCUPY UP TO 10% OF FREIGHT RAIL TRAFFIC IN FIVE YEARS

31 August , 2020  

Ukrainian Locomotive Building Company LLC plans to occupy up to 10% of freight rail traffic in Ukraine over the next five years, Technical Director of the company Volodymyr Krot said in an interview with the Center for Transport Strategies.
“I think that the nearest ambitions of our company, which can be set for ourselves, are up to 10% of the freight rail transportation market in Ukraine in the horizon of five years and more. Further, it is quite possible that this percentage can be increased. Or it will be possible to speak on other types of transportation, for example, passenger and suburban,” he said.
According to Krot, the company also plans to purchase a large number of electric locomotives, since the issue of renting non-working cars from Ukrzaliznytsia has not been resolved.
If the issue of admission to the electric locomotive tracks is resolved positively, at the first stage the company plans to increase the fleet to 50 electric locomotives. The company also plans to purchase a certain number of diesel locomotives – not only mainline, but also shunting ones.
The technical director of Ukrainian Locomotive Building Company also said that the company plans to carry cargo from the grain group, raw materials for the production of cement and the cement itself on the nine routes determined by the tender commission as part of a pilot project to launch private traction.

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