The railway transport news portal Rail Supply reported that JSC “Ukrzaliznytsia”, (UZ), has signed an agreement for the allocation of additional EUR300 millions for the purchase and installation of freight electric locomotives.
The memorandum has been signed in Berlin at the Ukraine Recovery Conference, with representatives from UZ, EBRD, and Ministry of Development of Communities, Territories, and Infrastructure of Ukraine.
India: Trains that can reach speeds of up to 250 km/h
This step is part of the ongoing efforts to modernize rail transport in the country.
Prior to this, UZ had confirmed that $190 million would be allocated under the World Bank grant project “Restoration of Critical Logistics Infrastructure and Network Connectivity” (RELINC).
UZ Chairman Yevhen Liashchenko stressed that updating the locomotive fleet was crucial for the company.
The new high tech electric locomotives will increase the efficiency of freight transportation.
Lyashchenko said that the World Bank’s and EBRD’s cooperation is an example of international financial institutions joining forces to implement large-scale projects in infrastructure.
In conjunction with the allocation of funds to the project, the parties also agreed to conduct an analysis of the pre-investment of the project. This included technical, environmental, financial, social and economic aspects.
This approach ensures that the modernization of rail transportation is a comprehensive one, taking into consideration all risks and benefits.
The project aims to acquire up 80 modern electric freight locomotives.
The corresponding procurements were already published on the EBRD’s tender portal.
The tender conditions stipulated that the winning bidder must not only provide the locomotives, but also establish facilities for their maintenance and warranty repair in Ukraine.
The new traction rolling stocks will be operated at maximum efficiency and reliability.
Kryukov Railcar Building Works presented Ukraine at the international exhibit in Baku
The “Restoration of Critical Logistics Infrastructure and Network Connectivity” (RELINC), project is crucial to improving Ukraine’s transportation infrastructure.
The aim of the project is to restore and develop logistic networks that have been damaged or destroyed in recent years due to conflicts and economic hardships.
Restoring the infrastructure is crucial for the economic growth and stability of the country.
The additional funding from the EBRD is expected to accelerate the modernization and ensure timely delivery of the new electric locomotives.
This will, in turn enhance the competitiveness and efficiency of Ukrainian railways on the international transport service market.
The agreement with the EBRD, and the continuation of the cooperation with the World Bank, open new perspectives for JSC “Ukrzaliznytsia” and the entire transport sector in Ukraine.
The project will improve the logistics infrastructure, increase the efficiency of freight transportation, and create new jobs.
This will have a significant impact on Ukraine’s economy and position in the international arena.
Railway business, industry and railway technology news that you may have missed from Railway Supply:
In Serbia the first train of the Chinese company CRRC was presented
You can read the latest news about the railway industry in Eastern Europe and the former Soviet Union on our Facebook, Twitter or LinkedIn page.
You can place your ads in Railway Supply magazine and on the webportal. Railway Supply Media Kit contains detailed information.