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Ukrzaliznytsya to Invest 66 M USD into New Rolling Stock
May 10, 2016
Ukrainian Railways (Ukrzaliznytsya) is to invest 1.656 B UAH (66 M USD) into rolling stock acquisitions, the RZD-Partner reports. The company will obtain the funds through the 15% freight tariffs increase scheduled for May.
Ukrzaliznytsya expects to earn 4.139 B UAH (165 M USD) from the tariff increase. Out of this amount 14 M USD will be invested into new freight car acquisition, 18.5 M USD - into the freight car modernization, 40 M USD - into locomotive modernization.
The balance funds will be invested into the track and electric network modernization (52 M USD) as well as track machine acquisitions and maintenance (21 M USD).
The wear of the Ukrainian freight car fleet is 91%; the wear of the national locomotive fleet is 95.7%.