More than UAH 25B to be invested in Ukrzaliznytsia in 2021

More than UAH 25B to be invested in Ukrzaliznytsia in 2021

Ukrinform
JSC Ukrzaliznytsia, Ukrainian Railways, intends to invest over UAH 25 billion in railway infrastructure, locomotives, freight cars and passenger transportation, the company’s press service reports.

According to Board Chairman of Ukrzaliznytsia Volodymyr Zhmak, apart from more than UAH 25 billion in investments in 2021, the company is planning to electrify at least two important sections of the track and start the procedure of purchasing 50 new dual-system electric locomotives.

"Profitable Ukrzaliznytsia means additional revenues to the state budget. That is why the support of the state is important for us, and we consider it as an investment. Everything that the state invests in Ukrzaliznytsia, in ‘Grate Construction’, in other infrastructure projects, will certainly return to the country's budget with large profits. We count on the partnership and support of the state and all our key partners," he said.

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