Business news from Ukraine

STATE-OWNED UKRZALIZNYTSIA INVESTS UAH 8.5 BLN IN FIXED ASSETS DEVELOPMENT IN JAN-AUG 2018

14 September , 2018  

Ukrzaliznytsia has repaired and reconstructed 351 km of track from the planned 1,935 km this year, the company’s press service has reported. In January-August 2018, the company reconstructed almost 184 km of track and overhauled more than 167 km, replaced 106 railroad switches for new sets. In September it is planned to reconstruct 36.1 km of track, overhaul 34 km of track, repair 118.6 km, and renew 55.4 km of track on various directions.
In general, it is planned in 2018 to repair 1,935 km of track and 1,317 sets of railroad switches. “Without an economically fair tariff, there will remain a maximum of 5,000 km out of 20,000 km of track in Ukrzaliznytsia in 10-15 years,” director for economics and finance at Ukrzaliznytsia Andriy Riazantsev said.
In the eight months of 2018, Ukrzaliznytsia invested almost UAH 8.5 billion in the development of its fixed assets, in particular, in modernization of infrastructure, the acquisition and repair of rolling stock.

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