General Electric Transportation is interested in investing in Ukraine, including the modernization of rolling stock of Ukrainian railways, Interfax reports. Long-term investment projects to improve Ukrainian infrastructure, in particular, railways infrastructure, were discussed by First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv with representatives of GE at a meeting on 11 April.
The modernization envisages current, medium-term and long-term planning. It includes repair of equipment and designing of longer strategic plans for upgrade of rolling stock of railways, in particular, the upgrade of the existing legislative base and strengthening cooperation in public private partnership, Stepan Kubiv explained.
Previously, General Electric on 21 July 2016 signed agreements of cooperation with Antonov State Enterprise and Ukrzaliznytsia.
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