In the frames of the company’s development strategy, out of USD 5.9bn of capital investments about USD 4bn will be used for buying new rolling stock, told Evgenii Kravtsov the chairman of the Board of the railways monopolist Ukrzaliznytsia.
The company has noticed connectedness of the traffic volumes with conditions of the rolling stock fleet. Following it, the obvious solution is a renewal program. Without it, the consequences will be damaging for the transportation market in the next 5-7 years. Investments of about USD 1bn a year is needed to renovate the railway rolling stock and infrastructure. The development strategy of Ukrzaliznytsia foresees the allocation of USD 4bn for the renewal of rolling stock until 2021. It includes modernization and the acquisition of new passenger cars.
The renewal of the railway infrastructure will be among the priority tasks as well. In this respect, it will be impossible without attracting of additional financial resources.
The mid-term financial planning can be more efficient in this regard, believes Eugenii Kravtsov.
