JSC Ukrzaliznytsia in 2021 plans to allocate almost three times more funds for renovation, overhaul, modernization of rolling stock and construction of infrastructure compared to 2020.
According to the press service of the company, the capital investment of the enterprise in 2021 should amount to UAH 27.2 billion (UAH 9.7 billion in 2020). At the same time, 55% of this amount is Ukrzaliznytsia’s own funds, 31% are investors’ funds, 14% is planned to be received from the state budget.
Ukrzaliznytsia counts on state support in implementing these plans. Since investments in the renewal of infrastructure must be comprehensive and systemic, so that in the future they return to the state budget in the form of profit, it added.
As reported, Ukrzaliznytsia intends to increase capital investments to UAH 41 billion in 2023.
In 2019, Ukrzaliznytsia increased its net profit by 14.7 times, to UAH 2.988 billion (UAH 203.85 million in 2018). EBITDA increased by 6% compared to the previous year, to UAH 17.3 billion.
