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General Electric may produce locomotives in Ukraine on certain conditions
15:09, 14 July 2016
General Electric may produce locomotives in Ukraine on certain conditions

This requires at least railway industry development plan for five years, Infrastructure Minister says

15:09, 14 July 2016

akcent.org.ua

The American corporation General Electric is interested in the possible production of locomotives in Ukraine, if the railway development plan for five years is developed. Infrastructure Minister of Ukraine Volodymyr Omelyan said this in an interview.

It is assumed the development plan will provide 40 to 50 engines’ production per year.

According to the Minister, the Cabinet needs private investment to control certain sectors of the railway system of Ukraine, for the production of locomotives and rolling stock to invest in. "Ukrzaliznytsia" Ukrainian Railways needs updating its infrastructure and the replacement of the old routes to increase the speed and volume of traffic.

"If Ukrainian Parliament passes the Railway Act, as we suggest, then we will be able to provide possibilities for the private investment", Omelyan stressed.

Related: Largest Arab port holding company may invest in Odesa port

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