UZ risks losing up to 25% of its cargo transportation after opening the market for private operators. The deputy chairman of the parliament’s Transport Committee recalls that, under the association agreement with the EU, our state undertook to reform the transport sector, particularly the railwa... #EuropeanIntegration #ModernizationUkraine #RailTransportation #ReformsinUkraine #UkrainianRailways
Spain prevents Hungary from buying a railway company because of its importance to Ukraine. Spain has blocked the purchase by a Hungarian company of a Madrid-based train manufacturer. As the FT writes, Madrid vetoed the €619M purchase of Talgo because of the company’s ability to help r... #EuroTrack #Hungary #Spain #Talgo #UkraineReconstruction #UkrainianRailways
Fitch Ratings assesses Ukrainian Railway’s financial condition. International rating agency Fitch Ratings raised the long-term default ratings of the issuer Ukrzaliznytsia (UZ) and its $894.9M in Eurobonds from C to CC. Despite a high probability of default, anal... #CreditRatingUkraine #FitchRatings #UkrainianRailways
Ukraine is negotiating with South Korea to purchase 20 Hyundai trains worth $400M for UZ. Ukrainian Railways (UZ) plans to expand its fleet of intercity high-speed trains with 20 more Hyundai Rotem models that will enable the transportation of up to six million passengers per year, said Ol... #ElectricTrains #Hyundai #SouthKorea #UkrainianRailways
A state railroad company might reduce the tariff for freight transportation to compete with road carriers. Serhiy Vovk, director of the Center for Transport Strategies, stated: “The 70% tariff increase in July 2022 was a forced measure that helped stabilize the financial condition of Ukrainian Railwa... #Cargotransportation #Ukrainianlogistics #UkrainianRailways #UZCargoTransportation
UZ and Polskie Koleje Państwowe discuss the development of railroad infrastructure. Ukrainian Railways (UZ) noted that significant progress has been made in cooperation between the railways of Ukraine and Poland over the past few years. New passenger routes have been launched, the ca... #PolishRailways #RailwayInfrastructure #TEN-T #UkrainianRailways
One of Ukraine’s largest fuel traders will increase its rolling stock by more than 200%. The TAS-Poltavvagon company, which is part of the TAS financial and industrial group, will produce 100 tank cars for the OKKO group of companies. In July, OKKO received the first 20 wagons, and the re... #okko #RollingStock #TankCars #TAS #TASpoltavvagon #UkrainianRailways
The EU will provide Ukraine Railways €43M for the modernization and construction of European-standard track. The EU will allocate €42.95M to Ukrainian Railways (UZ) to improve the country’s railway network and begin the transition to 1,435 mm track to ensure infrastructure compatibility and increase th... #EuroTrack #RailwayInfrastructure #UkrainianRailways #UZmodernization
The EU is investing a record €7B in transport infrastructure, including four Ukrainian projects. The European Commission selected 134 transport projects that will receive more than €7B in grants from the Connecting Europe Facility (CEF) instrument for strategic infrastructure investment. Among th... #CEF #EuroTrack #GrantsforUkraine #investments #TransportInfrastructure #UkraineDevelopment #UkrainianRailways
Spain provides a €50M soft loan to support the private sector of Ukraine and will help UZ to adapt its trains to EU standards. Spain will allocate a soft loan for €50M and an additional grant of €1M in partnership with the IFC to support the stability of the private sector of Ukraine, the Minister of Economy of Spain Carlos C... #CarlosCuerpo #EuroTrack #LoansforBusiness #Renfe #Spain #UkrainianRailways
Ukrainian government and businesses are working to restore the energy facilities that was destroyed by the Russians. As a result of shelling, Ukraine lost 50% of its power generation capacity. Prime Minister Denys Shmyhal noted that 42 thermal power units were destroyed, 27% of large TPPs are working, 73% are curren... #DenysShmyhal #ElectricityImport #UkraineEnergy #UkraineEnergyLosses #UkraineRecovery #UkrainianRailways
UZ plans to build a gas generation plant with a capacity of 250 MW. The state company Ukrainian Railways (UZ) plans to build gas power plants with a total capacity of 250 MW in various regions. UZ is among the five largest distribution companies in the country in term... #energyukraine #gaselectricity #GasGenerationPlant #investments #UkrainianRailways
An American bank provides a $156M loan for new UZ locomotives. The Export-Import Bank of the US approved the decision to issue a loan to purchase 40 locomotives manufactured by the American company Wabtec to reinforce the Ukrainian Railways (UZ) fleet. The financ... #EXIMbankUS #LocomotivesforUZ #UkraineRecovery #UkrainianRailways #Wabtec #YevhenLyashchenko
Lithuanian companies are modernizing Ukraine’s logistics infrastructure and will open a single logistics center this year. Representatives from Lithuanian railway operators – the transport and cargo companies LTG Cargo and BGS Rail Holdings – are expanding their presence in Ukraine. The companies are involved ... #LithuanianRailways #Novus #UkraineRailwaysModernization #Ukrainianlogistics #UkrainianRailways #ValdemarasSarapinas
Ukraine is exporting more and more by sea as rail transportation of grain across the western borders falls by 23%. Almost 30 million tons of goods were exported through the Ukrainian sea corridor in seven months. According to the Minister of Infrastructure Oleksandr Kubrakov, the volume of goods shipped through th... #agroexportukraine #grainexport #OleksandrKubrakov #UkraineMaritimeCorridor #UkrainianRailways
UZ could not attract EU funds to construct a Eurotrack route to Lviv; negotiations with the US are ongoing. Ukraine has failed to attract funds under the EU Connecting Europe Facility (CEF) program for the construction of the Mostyska – Sknyliv railway section from the state border with Poland to Lviv... #EuroTrack #OleksandrKubrakov #UkrainianRailways #YevhenLyashchenko
Due to the blockade of the Polish border, the Ukrainian government is planning new export routes through Hungary and Romania. “Agrarian strikes are taking place in Poland. Today, rail transportation has already been blocked. Hungary is ready to transit these goods through its territory. Therefore, we are considering re... #agroexportukraine #BorderBlockade #DanubeGrainRoute #OleksandrKubrakov #UkrainianRailways #ValeryTkachov
State-owned companies must pay 80% of their profits in the form of dividends. The Cabinet of Ministers reported that the basic norm for deducting the share of profit directed to paying dividends for enterprises whose charter capital includes state corporate rights should be 80%... #Naftogaz #OschadbankUkraine #TaxesToTheBudget #TaxesUkraine #UkraineStateOwnedEnterprises #UkrainianRailways #Ukrnafta
In January, Ukraine increased its export volume by 12%, and the railway played a prominent role. Compared to January 2023, imports also increased – by 3.8%, the NBU reported. The main volume of Ukrainian exports consists of agricultural products. Ukrainian Railways (UZ) transported 3.93 mil... #UkrainianRailways #UZCargoTransportation #ValeryTkachov
Ukraine’s largest grain market operator is asking USAID to expand its railroad fleet. The Nibulon company wants to expand its railcar fleet by 250 units and has asked USAID to finance this initiative. Mykhailo Rizak, the grain trader’s top manager, recalled that in 2023, USAID helped N... #agroexportukraine #agroUkraine #nibulon #UkrainianRailways #USAID
UZ reached the pre-war indicator for passenger transportation and increased international transportation to a record level. Ukrainian Railways (UZ) transported 25 million passengers in long-distance trains last year. Also, 2.1 million passengers were transported to EU countries. According to UZ, in terms of the volume of t... #PassengerTransportation #UkrainianRailways #YevhenLyashchenko
UZ is considering the development of trailer transportation by rail. Ukrainian Railways (UZ) is studying the results of a test run of a trailer train to Poland, which transported trucks that had been blocked at the road border to Krakow, the company’s representat... #OlegYakovenko #TrailerTransportation #UkrainianRailways #UZCargoTransportation
Volumes of exported cargo transported by rail reached the highest level since the beginning of the war. In November, Ukrainian Railways (UZ) exported the largest amount cargo since the start of the Russian invasion – 6.1 million tons, 25% more than in October this year and 56% more than in Novembe... #Cargotransportation #UkrainianRailways #UZCargoTransportation #ВідвантаженнятоварівУкраїна
The US allocated $225M to construct the Eurotrack to accelerate Ukrainian exports. The USAID and Ukrainian Railways (UZ) signed a memorandum to build a two-track railway section, 75 km long. It will connect Lviv with the Trans-European transport network of the EU. Ukrainian railways... #EuroTrack #UkrainianRailways #USAID #ВідвантаженнятоварівУкраїна
Seven state-owned joint-stock companies are selling their assets at public auctions. These sales will take place according to new rules regarding online auctions in the electronic trading system Prozorro.Sales, the Ministry of Economy reported. Electronic auctions for the sale and lea... #AuctionUkraine #PrivatizationUkraine #ProzorroUkraine #UkrainianRailways #Ukrposhta #YuliyaSvyridenko
UZ increased the volume of transported grain and grinding products by 5.8%. Ukrainian Railways (UZ) in January-October 2023 increased the transportation volume of grain and grinding products by 5.8% year over year (1.32 million tons) to 24.26 million tons. In 10 months, 17.55... #agroexportukraine #Cargotransportation #UkrainianRailways #UZCargoTransportation
The government predicts that in 2024, UZ will endure more than ₴12B in losses. This is stated in the Ukrainian Railways (UZ) financial plan for next year, which has been approved by the Cabinet of Ministers. As well, it is forecast that net income will reach ₴98.6B and total inc... #UkrainianRailways #UZFinanciallosses #YevhenLyashchenko
A 20% increase in railway freight rates threatens to reduce acreage in 2024. The Ukrainian Grain Association expressed concern about the upcoming 20% increase in tariffs for freight rail transportation and the use of freight cars in 2024 and called on the government and Ukrain... #FreightTransportationPrice #UkraineEconomy #UkrainianRailways #UZtarrifs
Ukraine, Moldova, and Romania will speed up rail connections between ports. Railway operators in Ukraine, Moldova, and Romania have agreed on measures to improve transportation in the Reni-Giurgiulesti-Galati direction, and vice versa. The parties identified the following mea... #MoldovaRailway #RailTransportation #RailwayConnection #ReniPort #UkrainianRailways
UZ will receive ₴11B from the budget by the end of the year. Direct budget financing for Ukrainian Railways (UZ) in 2023 will amount to ₴5B, of which ₴3.5B has already been allocated in the first 10 months of the year, and the government provides state guarante... #NewPassengerTrains #RailwayInfrastructure #UkrainianRailways
Logistics by rail is becoming more expensive, increasing the prices of goods. Ukrainian Railways (UZ) established new transportation rates in November, affecting the cost of renting various types of wagons. In particular, the cost of renting grain trucks increased by ₴400 and n... #FreightTransportationPrice #RailTransportation #Ukrainianlogistics #UkrainianRailways
Ukrainian Railways announces a ₴15B loss and is preparing to raise salaries due to a personnel shortage. Passenger transportation, in general, is not profitable and generates losses for Ukrzaliznytsia (UZ) of approximately ₴15B ($0.4B), the company’s chairman, Yevhen Lyashchenko, said. At the Kyiv ... #UkrainianRailways #YevhenLyashchenko
The total volume of rail transportation decreased by 9% for the year and 17% for export. Ukrainian Railways (UZ) transported 107 million tons of cargo in January-September, which is 9.2% less than in the same period last year. The transportation volume in September was 12 million tons, wh... #RailTransportation #UkrainianRailways #UZfreight
UZ and Rail Cargo Austria will launch a route to Austria. Ukrainian Railways (UZ) and the Austrian company Rail Cargo Austria signed a memorandum on developing railway connections between the countries. According to UZ, the start of the project is expected i... #RailCargoAustria #RailTransportation #UkrainianRailways
Ukrainian Railways will update its commercial and passenger rolling stock. Active negotiations with manufacturers are already underway today, Oleksandra Vasylenko, director of international representative offices of UZ, reported. “In the conditions of increasing demand... #OleksandraVasylenko #RailTransportation #UkrainianRailways #UZRollingStock
Fitch Ratings confirms Ukrainian Railways’ insufficient creditworthiness. The rating agency confirmed UZ’s long-term CC credit rating, which corresponds to Ukraine’s current sovereign credit rating. The agency raised UZ’s standalone credit profile CCC- to CC, th... #FitchRatings #RailwayInfrastructure #UkrainianRailways #UZcreditRating #YevhenLyashchenko
UZ has increased the volume of freight transportation by 14% in a month. In August, Ukrainian Railways (UZ) transported 12.27 million tons of cargo, which is 13.8% more than in August 2022, despite the drop in export shipments due to the end of the grain agreement. Accordi... #FreightTransportationUZ #UkraineImport #UkrainianRailways #YevhenLyashchenko #ВідвантаженнятоварівУкраїна
A Polish logistics company has transferred €100M worth of assets from Russia to Ukraine and is investing €250M in the economic exchange program between Ukraine and the EU. As the company reported, the transferred assets were all previously located in Russia and the countries of Central Asia. Among other things, the transfer included 510 specialized railway platforms and... #InvestmentsinUkraine #Laude #UkrainianRailways
Ukrainian Railways has opened a subsidiary in Poland. Ukrainian Railways Cargo Poland will allow for improvement in cargo transportation management on European routes, Minister of Infrastructure Oleksandr Kubrakov said. In addition, modernization of the ... #OleksandrKubrakov #UkrainianRailways #UkrainianRailwaysPoland #YevhenLyashchenko
The EU has prepared a strategy for Ukraine’s transition to the European track standard. The European Commission concluded that the country needs to build a new railroad network with 1,435 mm track, which will work in parallel with the current 1,520 mm network. The 1,435 mm euro track wil... #EuroTrack #UkrainianRailways #UZmodernization
The transition of Ukrainian Railways to the Eurotrack will cost €250B and take over 20 years. As Aurum Investment Group reported, Ukraine is the largest country in Europe in terms of area, with a developed and extensive railway network. The main track length is more than 20,000 km. In addition... #EuroTrack #UkrainianRailways #UZmodernization
The EU will allocate funds to UZ for European integration projects. The European Union, through the Connecting Europe Facility (CEF) fund, will give funds to Ukrainian Railways (UZ) to construct border crossings with Poland, Romania, Slovakia, and Hungary, announced U... #ConnectingEuropeFacility #RailwaysInfrastructure #UkrainianRailways #YevhenLyashchenko
Ukrainian Railways has received €200M from the EBRD for infrastructure modernization and renewal of its rolling stock. The EBRD provided funds under state guarantees for implementing the Project of Extraordinary Support of the Ukrainian Railway. The money will be directed to the purchase of locomotives, upgrades for t... #ebrd #RailwaysInfrastructure #UkrainianRailways #UZmodernization
Ukrainian Railways has increased its volume of freight transportation by almost 20% for the year. In May of the current year, UZ transported 11.49 million tons of cargo, with domestic transportation increased by 36.5%, to 7.17 million tons, while exports decreased by 2%. The state railway company ... #FreightTransportationUZ #UkrainianRailways #UZCargoTransportation
Ukraine will help Moldova modernize its railway to have additional routes to the port of Reni. The route is about 400 km long, extending from the north to the south of the country. On May 31, Ukrainian Railways (UZ) and Moldova Railways signed a memorandum in Vinnytsia. It is planned to restore... #exportbyrail #MoldovaRailway #UkraineExport #UkraineRailwaysModernization #UkrainianRailways
Ukrainian Railways has increased grain delivery to seaports after grain corridor initiative shipments resumed. According to top UZ manager Valery Tkachov, during the week the volume of unloaded grain trucks in the ports increased by almost 480% from 92 to 535 wagons per day. In addition, the number of wagons ... #GrainAgreement #grainexport #IzmailSeaPort #OdesaSeaport #UkrainianRailways #ValeryTkachov
Ukraine is developing railroad infrastructure on the border with Slovakia and Poland. The Slovak railway carrier ZSSK Cargo has started the modernization of the sorting park at at the Cierna nad Tysou station on 1520 mm gauge near the border with Ukraine. ZSSK Cargo noted that about 1,... #EuroTrack #RailwayInfrastructure #UkrainianRailways #ZSSKCargo
Moldova will repair two sections of railway to increase transit from Ukraine to the EU. According to the EBRD, the total cost of the project will be €71M, of which €28M is a contribution from the Moldovan state company, Zaliznytsia Moldova, €23M is an EBRD loan, and another €20M is an EU... #MoldovaRailway #UkraineExport #UkrainianExportByRail #UkrainianRailways
Ukraine and Lithuania will create an interoperable railway network between the their countries. On May 9, Ukrainian Railways (UZ) signed a memorandum of cooperation with the Lithuanian Railways (LTG) group of companies. Its goal is implementing the joint project Operational Model of Free Rail, t... #LithuanianRailways #RailwayConnection #UkrainianRailways
More than 2 100 wagons with grain are in a queue at the port of Izmail, which fulfills the annual cargo handling plan in a record five months. As of May 8 4,978 loaded wagons were moving toward Izmail, of which 2,168 contain grain cargoes, Ukrainian Railways top manager Valery Tkachov said. At the same time, grain unloading by port operators... #agroexportukraine #GrainExportUkraine #IzmailSeaPort #UkrainianRailways #ValeryTkachov
