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Ukrainian govt may allocate $161,6 million to Ukrainian Railways

Source : 112 Ukraine

The money will be allocated for the renewal of passenger rolling stock and overall modernization of the infrastructure
15:22, 3 September 2020

itc.ua

The Cabinet of Ministers of Ukraine may allocate 161,6 million dollars to Ukrainian Railways (Ukrzaliznytsia) for the renewal of passenger rolling stock and overall modernization of the infrastructure, the company’s press service reports.

The allocation of budget funds for the renewal of passenger rolling stock and modernization of the railway infrastructure is being considered as a possibility,” reads the message.

119,1 million dollars will be used to buy 100 passenger trains and 42,7 – to implement a program on the overall modernization of infrastructure.

Related: Ukrainian Railways prepare to postpone payment of $30 million to budget for six months due to coronavirus

As we reported earlier, on August 26, the Ukrainian government appointed Volodymyr Zhmak as the Chairman of the Board of Joint-Stock Company "Ukrainian Railways" ("Ukrzaliznytsia")

"Today, the Cabinet of Ministers made a number of personnel decisions: to appoint: Volodymyr Mykolayovych Zhmak as the chairman of the board of Joint-Stock Company ‘Ukrainian Railways’," the statement said.

It should be noted that Zhmak is also a member of the supervisory board of Boryspil International Airport.

Related: Security Service exposes Ukrainian railways management in embezzlement of $435,036

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