"We plan that the first stage of rail fare increase by 10% will start approximately on April 1. The received funds will be directed to the development of passenger infrastructure. We purchase railway carriages that are produced by the national manufacturer. Railway carriers are being modernized rather rapidly, we are investing in rolling stock repairs,” noted Ryazantsev, the Center for Transport Strategies reports.
He also assured that the funds received by Ukrzaliznytsia from the fare price raise will be transferred to a special investment account and then spent on the improvement of passenger transportation.