Business news from Ukraine

UKRZALIZNYTSIA SEEKS TO LAUNCH INVESTMENT PROJECT TO ELECTRIFY DOLYNSKA-MYKOLAIV SECTION THIS YEAR WITH EIB

11 August , 2016  

KYIV. Aug 11 (Interfax-Ukraine) – Public joint-stock company Ukrzaliznytsia seeks to start implement an investment project to electrify the Dolynska-Mykolaiv track section in 2016 jointly with the European Investment Bank (EIB), Ukrzaliznytsia Board Chairman Wojciech Balczun has said.

“The Dolynska-Mykolaiv track section is being electrified. We are preparing an investment project there. We held negotiations with the European Investment Bank that would finance the investment and we will launch the project this year,” he said.

Balczun said that the decision to electrify the Kovel-Izov section has been made.

In addition, Ukrzaliznytsia is preparing documents to expand the capacity of the line connecting Mariupol with other cities and towns to 30 train pairs a day.

Head of Odesa Railways Hryhoriy Boiko said in October 2015 that works on the electrification of the Dolynska-Mykolaiv railway section are estimated at EUR 290 million.

In April 2016, Acting Ukrzaliznytsia Board Chairman Yevhen Kravtsov expressed hope that cooperating with the EBRD and the European Investment Bank, Ukrzaliznytsia will able to raise funds for electrification of top-priority routes, in particular, the Dolynska-Mykolaiv section.