The European Bank for Reconstruction and Development provides Ukraine Railways (UZ) a EUR 150 million senior loan for the acquisition of 6,500 general purpose open freight gondola-type wagons through an open international tender.
The financing will be combined with corporate governance reforms at Ukraine Railways and its subsidiaries.
The EBRD will also assist Ukraine Railways in certifying and improving its procurement processes and implementing an energy management information system, which will lead to better overall efficiency of UZ. This will be funded by the EBRD Shareholder Special Fund.
Upgrading and modernising Ukraine’s freight railway fleet is a major contributor to strengthening the country’s regional and international integration.
The investment programme will help to maintain the UZ’s capacity, significantly improve its efficiency and reduce greenhouse gas emissions produced by its operations. Carbon dioxide emissions are expected to fall by up to 80,000 tonnes a year thanks to the new rolling stock.
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