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Ukraine will receive from the European 300 million euros for the electrification of railways

Ukraine will receive from the European 300 million euros for the electrification of railways

14.10.2016
Tags: Ukraine, Economy, railroad, Credit, Europe

The State Administration of Railway Transport of Ukraine has agreed with the European Investment Bank and the European Bank for Reconstruction and Development a loan to 300 million euros for the electrification of the railway section Dolinskaya-Nikolaev-Kolosovka.

"Today, agreed the final details of a loan from the European Investment Bank and the European Bank for Reconstruction and Development for the electrification direction Dolinskaya-Nikolaev-Kolosovka. In general - talk about 300 million euros. In 150 million from each of the banks. Favorable conditions, an acceptable timeframe. The agreed timetable of preparation of all documents that will quickly go out on the signing of these agreements "- quoted by RIA" Novosti "head of PJSC" Ukrainska zaliznytsya "Wojciech Balchuna.

Now only about half of the railway lines are electrified in Ukraine in the second half of the used diesel traction. With the program of electrification of railways is implemented to reduce the cost of transportation.

Recall that in July Ukrainian Infrastructure Minister Vladimir Omeljan said that the country's transport network, including railways, worn almost 100%.

On Tuesday, officials of Railway Transport of Ukraine held a protest near the Ministry of infrastructure of the country, demanding to raise wages in three times, and improve working conditions.

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