Government allows Ukrzaliznytsia to attract funds from France for rails supply

Government allows Ukrzaliznytsia to attract funds from France for rails supply

Ukrinform
The Cabinet of Ministers of Ukraine approved a draft law on financial support for the rail supply project of JSC Ukrzaliznytsia within the framework of an agreement between Ukraine and France.

According to Ukrinform, Taras Melnychuk, permanent representative of the Cabinet of Ministers in the Verkhovna Rada, announced this on Telegram.

"The draft Law ‘On the Ratification of the Framework Agreement between the Government of Ukraine and the Government of the French Republic regarding financial support for the rail supply project of JSC Ukrzaliznytsia" was approved,” the report says.

The ratification of the Framework Agreement will allow attracting funds on preferential terms from the government of the French Republic, necessary for the supply of rails for the needs of JSC Ukrzaliznytsia, which arose due to the Russia military aggression. The loan is provided in an amount not exceeding EUR 37.6 million.

Read also: Ukrzaliznytsia completes test run on European gauge line from Poland

As reported by Ukrinform, Ukraine and France signed a number of agreements on cooperation in various fields following the results of a bilateral business conference on the sustainability and recovery of Ukraine, which was held in in Paris on December 13, 2022. One of them is an agreement on a soft loan worth EUR 37.6 million for the supply of 20,000 tonnes of rails produced be France-based Saarstahl company, which will enable the repair of more than 150 km of track.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-