Business news from Ukraine

UKRZALIZNYTSIA, POLAND’S NEWAG GROUP TO COOPERATE IN UPGRADING LOCOMOTIVES

19 August , 2016  

KYIV. Aug 19 (Interfax-Ukraine) – PJSC Ukrzaliznytsia and Newag Group (Poland) signed a memorandum of cooperation to upgrade locomotives in Kyiv on August 17.

According to the press service of the Ukrainian company, the parties agreed to study the issue of creating locomotives and implementing solutions for their modernization. The realization of specific tasks will be carried out under separate contracts.

The next step in establishing cooperation will be consultations between technical experts.

“Ukrzaliznytsia intends to invest in rolling stock, therefore in recent years it has signed memorandums with the leading world producers. We are studying all proposals to objectively choose a partner who will provide the most attractive offer both economically and in terms of technology,” Ukrzaliznytsia Board Chairman Wojciech Balczun said.

In addition, according to him, one of the main requirements for the future partner is the willingness to use modern technology at the national production facilities.

Newag S.A. is a company based in Poland and specializing in manufacture, maintenance and modernization of rolling stock.