Ukraine to attract EBRD loans to update its railway fleet - infrastructure minister

Ukraine to attract EBRD loans to update its railway fleet - infrastructure minister

Ukrinform
Infrastructure Minister Vladyslav Kryklii has stated that loans provided by the European Bank for Reconstruction and Development (EBRD) will be used to purchase passenger and freight wagons for the Ukrainian railway.

The infrastructure minister stated this in an interview with LIGA.net

“We will attract resources through EBRD loans for both passenger and freight wagons. Also, we can convert part of funds from an IPO into money terms,” said Kryklii.

As reported, on October 29, the Ukrainian Infrastructure Ministry, the European Bank for Reconstruction and Development and Ukrzaliznytsia signed an agreement on preparations of the railway company for an IPO procedure.


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