Business news from Ukraine

“Ukrzaliznytsia” may create cargo carrier company in Europe by end of 2023

21 February , 2023  

Ukrzaliznytsia JSC (UZ) may create a freight carrier company by the end of 2023 to operate in Europe, UZ board chairman Alexander Kamyshyn confirmed to Interfax-Ukraine news agency.
“It is true, we have to develop a European carrier both in passenger transportation and in cargo transportation. We have shown that we can be efficient, and those of our citizens who have used the services of European railroads have appreciated the difference in schedule, service, and many other things,” Kamyshyn said.
The necessity of creating one’s own company for cargo transportation outside of Ukraine is dictated by the fact that Ukrainian cargo carriers have difficulties working with European carriers. “Unfortunately, it is difficult for our cargo carriers to use European freight,” said Kamyshyn.
According to the head of UZ, such a company can be created by the end of the year. “There is hope, and we are doing everything to make it come true, but the speed of approvals in Europe, unfortunately, we would like it to be faster,” said Kamyshyn.
He also noticed that in order to establish a cargo carrier company one should not only buy the rolling stock, but also to get a license, to register and to hire a team.
Earlier it was reported that in the framework of the project UZ bought 40 tank cars European way, which will be supplied to the chain of diesel fuel in Ukraine, and plans to buy 100 fitting platforms.

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