Ukraine plans to invest up to USD 6.1 billion, within the next five years, to modernize its railway infrastructure, the head of the state-run company Ukrainian Railways – Ukrzaliznytsia, Wojciech Balczun, announced.
“Our five-year strategy envisages upgrade, renewal or purchase of about 40 percent of the passenger rolling stock,” Balczun added. He said about two-thirds of the total investment will be used for the rehabilitation of outdated trains, some of which are operating for more than 30 years.
The Ukrainian Railways operate a railway network of about 22,000 kilometers, accounting for about 50% of the country’s passenger traffic and 82% of the freight transport.
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