The Ukrainian Infrastructure Ministry’s draft order to increase freight transport tariffs by 25% was rejected by the State Regulatory Service after discussions on this issue with Ukrzaliznytsia and business representatives. Ukrzaliznytsia has proposed to sign a long-term price policy agreement.
“We propose to sit and sign the agreement on the long-term price policy at Ukrzaliznytsia. The market would be able to plan. I absolutely support the expansion of our prospects for more than one year. Ukrzaliznytsia has never had a long-term strategy. The financial plans are drawn up only for one year. We can sign contracts only for one year,” Ukrzaliznytsia Board Chairman Wojciech Balczun said.
Business representatives also criticized the draft order to increase the tariffs during the discussion. The decision would affect both Ukrzaliznytsia due to a fall in the volume of transport and the Ukrainian economy. They voiced support for strengthening transparency in spending the funds of the company, increasing efficiency of its operations and rational use of funds.
Folowing the discussions, the State Regulatory Service decided to create a working group jointly with business representatives to establish a compromise tariff.
Share on:
