Business news from Ukraine


30 November , 2017  

KYIV. Nov 30 (Interfax-Ukraine) – The draft investment plan of PJSC Ukrzaliznytsia for 2018 provides for the purchase of 8,880 new wagons, of which 5,180 from third-party manufacturers, but this plan could be reduced due to a lack of funding, the deputy director of the Ukrzaliznytsia strategic management and development department, Oleksandr Malakhov, has said.
During the infrastructural day at the European Business Association he explained this plan was drawn up taking into account the investment of UAH 30.6 billion from own funds, whereas according to the current financial model there are only UAH 13.3 billion of own funds for the next year.
Malakhov said out of 5,180 cars to be bought from third-party manufacturers, 3,400 are to be purchased at the expense of a loan from the European Bank for Reconstruction and Development.
The deputy head of the Ukrzaliznytsia commercial work department, Oleksandr Karnachev, said the wagons bought for EBRD funds would be transferred to a specially created company, UZ Cargo Wagon.
According to Malakhov, it is planned to produce 3,700 new cars at Ukrzaliznytsia’s own capacities next year, of which 100 are platforms, and the rest are high-sided wagons.