The European Investment Bank decided to provide EUR 150mln facility for PJSC Ukrainian Railway, the website of the EIB reads. The funds are aiming at reconstruction works for railroads of Southern Railways. The reconstruction and servicing project is estimated at EUR 314mln. The remaining part of the value of the project will be provided be the European Bank for Reconstruction and Development. The railways reorganization will take a year or two at large, told Wojciech Balszun the CEO of PJSC Ukrainian Railway. To note, Ukrainian Railway has recently voices its plans to substantially increase the tariffs for passenger rail travel.
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