European Bank for Reconstruction and Development Signs Agreement with Ukrzaliznytsia

An agreement will provide the public joint-stock corporation Ukrzaliznytsia with $150 million. The money will be spent mostly to buy freight wagons


Photo from Ukrinform – UATV

On Friday, the European Bank for Reconstruction and Development and the state-owned Ukrainian company Ukrzaliznytsia signed an agreement for a $150 million investment plan.

“The plan will help to renew and modernize the freight rail fleet in Ukraine. It is also one of the steps of a long-term plan to transform the state-owned enterprise into a private company,” Chairman of the Board Yevgeniy Kravtsov wrote on his Facebook.

Source UATV
date 10.11.2018
categories Economics
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