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
Ukrainian Railways has limited the transportation of several types of agricultural products to Poland. The state railroad company published a conventional ban on transporting a wide range of farm products to Polish railways from April 17 to June 30. The ban applies to cereals and legumes, seeds, starch... #agroexportukraine #PKPCargo #UkrainianRailways
Ukrainian Railways has limited cargo transportation to Poland and Slovakia. According to the company, on April 9 new regulations for cargo transportation to the Szczecin Port Central station (Poland) came into force. It is noted that accepting cargo for the carrier PKP Cargo ... #UkrainianRailways #UZCargoTransportation
Ukrainian Railways increased exports of all goods except for grain. In March, the company exported 5.3 million tons of freight (+73.4%) compared to last year’s period and a 4% increase from February, said UZ top manager Valery Tkachov. In March, UZ reached recor... #UkraineGrainExport #UkrainianRailways #ValeryTkachov
S&P has raised Ukrainian Railways’ (UZ) rating to the highest level since the war began. The international rating agency S&P Global Ratings raised UZ’s rating to the ССС+ level. As the company noted, the rating matches Ukraine’s sovereign rating, which is UZ’s highest rating under th... #StandartandPoor #UkrainianRailways #UZcreditRating
Ukrainian Railways launches the shortest route to the Danube ports. UZ opened an additional border crossing, Berezyne-Basarabyaska, announced one a top manager at the state railroad company, Valery Tkachov. From this point, shipping companies can transport export/tran... #UkrainianRailways #UZCargoTransportation #ValeryTkachov
Ukraine will have a direct railway connection with the port of Reni through Moldova. The government approved a draft protocol on amendments to the agreement between the governments of Ukraine and the Republic of Moldova on the operation of railway transport, as announced by the Prime ... #DanubePorts #MoldovaUkraine #UkrainianRailways
Ukrainian Railway’s integration with the European network will cost €4.5B. Including Ukrainian Railways (UZ) in the European TEN-T network will allow access to EU aid instruments. Within the framework of integration into TEN-T in Ukraine, it is planned to implement railway t... #TEN-TUkraine #UkrainianRailways
The EBRD is preparing a €200M loan for Ukrainian Railways (UZ). The European Bank for Reconstruction and Development will grant UZ an emergency support loan under sovereign guarantees of €200M. The bank’s board of directors plans to consider the related proj... #EBRDloan #UkrainianRailways
Ukraine repaired a railroad for a future transit route of the Polish Railways through Ukraine. Ukrainian Railways has completed the reconstruction of two sections in the Lviv region that connect Khyriv with the border points of Starzava and Nyzhankovychi (state border with Poland). This will ma... #PolandUkraine #RailroadRepaired #UkrainianRailways
Ukraine and Moldova have tripled their freight volume by rail. Last year, the volume of exports from Ukraine to Moldova by rail increased 1.5 times to 1.247 million tons, and imports tripled to 492,000 tons, Ukrainian Railways reported. As the state company speci... #MoldovaandUkraine #UkrainianRailways #UkrainianRailwaysFreight
In Ukraine, grain rail transportation has become cheaper. The average cost of transporting grain by Ukrainian Railways (UZ) owned wagons decreased by 36% from December 2022 to January 2023, says Valery Tkachev, the company’s top manager. He specified t... #exportbyrail #RailTransportation #UkrainianRailways #ValeryTkachov
S&P announces the imminent default of Ukrainian Railways (UZ). The international rating agency S&P Global Ratings lowered the rating of the state company UZ from “CCC-” to “SS.” This happened in response to the company’s request ... #StandartandPoor #UkrainianRailways #UZcreditRating
Ukraine faces significant difficulties in exporting grain by rail. The failure to fulfill orders for grain cargo transportation toward western border crossings has reached 49%. According to a Ukrainian Railways (UZ) manager, Valery Tkachov, only 9,046 of the agreed u... #GrainExports #UkrainianExportByRail #UkrainianRailways #ValeryTkachov
The EU is preparing for the construction of Eurorail in Ukraine. The European Union has begun to develop a preliminary feasibility study for constructing European standard 1435 mm gauge track in Ukraine and Moldova, announced an official from Ukrainian Railways. Th... #DenysShmyhal #EuroRailInUkraine #UkrainianRailways
The grain export by rail plan achieves only 24% of goal. Ukrainian Railways (UZ) plans regarding loading grain for export across the western border crossings have been only 24.1% fulfilled, said one of the company’s top managers, Valery Tkachev. Accor... #GrainExportfromUkraine #UkrainianExportByRail #UkrainianRailways
UZ increased cargo transportation volume by 8% in September. Ukrainian Railways (UZ) transported almost 11.7 million tons of cargo in September, which is 8.4% more than August’s total, the company reported. When compared to March’s indicator, it represents a 41... #UkrainianRailways #UZCargoTransportation
Canada plans to help rebuild Ukrainian Railways. Canadian partners will take part in solving logistical problems in expanding the carrying capacity of the Ukrainian railway system. In particular, the Canadian Pacific Railway Company (CP) and the Can... #OleksandrKubrakov #RailwayInfrastructure #UkrainianRailways
Ukrainian Railways will cooperate with German Deutsche Bahn and Polish PKP. DB will assist Ukrainian Railways (UZ) in rebuilding the railway infrastructure. The cooperation also covers the expansion of rail freight corridors, terminal capacity, and consulting services for the... #GermanDeutscheBahn #PolishPKP #UkrainianRailways
Fitch upgrades the rating of Ukrainian Railways. The international rating agency Fitch Ratings has raised the long-term default rating of the foreign currency bond issuer Ukrainian Railways (UZ) from C to CC, announced the agency. The revision of th... #FitchRatings #UkrainianRailways
Ukrainian Railways has restored the abandoned track to the Romanian border. Ukrainian Railways (UZ) restored about 20 km of railway track from the Carpathians to the border with Romania and has also opened two checkpoints on the Romanian border. The checkpoints are Rakhiv ... #AlexanderKamyshin #UkrainianRailways
Ukrainian Railways transported more than 1 million tons of grain for export in August. According to the results for the first 23 days of August, Ukrzaliznytsia transported 1,016,000 tons of grain through the export connection, which already exceeds the previous month’s figure of 9... #exportgrain #UkrainianRailways
UZ tariffs for transporting grain have increased almost tenfold. The restoration of Ukrainian Railways (UZ) auctions for the distribution of grain cars has led to an increase in the price of their rent almost tenfold; the price has risen from UAH 2,170/day to the ... #UkrainianRailways #Ukrzaliznytsia #UZ #UZtarrifs
Ukrainian Railways will end the year with a loss. Ukrainian Railways (UZ) will end the year with a financial loss due to reduced freight traffic and many evacuation trips, said UZ supervisory board member Serhiy Leshchenko. The state railroad company... #UkrainianRailways #Ukrzaliznytsia #UZloss
Ukrainian Railways returns to 40% of pre-war freight traffic. In May, Ukrainian Railways (UZ) has already transported 300-310,000 tons of cargo per day, which is about 40% of the pre-war figure, announced CEO Alexander Kamyshin. According to him, before the war,... #AlexanderKamyshin #CEOukrzaliznytsia #FreightTraffic #UkrainianRailways #Ukrzaliznytsia #UZ
Ukrainian Railways upgrading stations and platforms for Kyiv City Express. Ukrainian Railways (UZ) has announced a tender for a large-scale reconstruction of passenger platforms in Kyiv and the suburbs where the City Express operates. The project’s expected cost is UA... #CityExpress #UkrainianRailways #UZ
Ukrainian Railways (UZ) will spend UAH 300M for consultations on the modernization of passenger traffic. According to Prozorro, UZ Passenger announced a tender on March 14 to purchase consulting services to facilitate the modernization of the vertical of passenger traffic. The starting purchase price is ... #DBEnegeneering #UkrainianRailways #Ukrzaliznytsia #UZ
In 2021, UZ received UAH 457.5 M in net profit. The Ukrainian Railways (UZ) through its press service said that it has received the sum of UAH 457.5 ($16.5 M) as net profits against almost UAH 12 B ($436 m) as a net loss in 2020. The revenue amount... #UkrainianRailways #Ukrzaliznytsia #UZ
Ukrainian Railways (UZ) transported a record amount of grain in December. In December 2021, UZ transported 3.865 M tons of grain cargo, which is 15.8% more than in December 2020. According to the Ukrainian Railways, (UZ), this is a record for the past 11 years. In total, UZ... #GrainbyRailRoad #Graintransportation #UkrainianRailways #Ukrzaliznytsia #UZ
The new Ukrainian Railways (UZ) board and a new contract with its chairman. The cabinet of Ministers terminated the powers of UZ board member Roman Chernytsky due to the expiration of his term. The government decided to elect and appoint from January 1, 2022 members of the bo... #UkrainianRailways #Ukrzaliznytsia #UZ #UZboardofDirectors
In November 2021, Ukrainian Railways (UZ) transported 4.1 mln tons of grain cargo. A record for grain transportation in a month. The grain shipments for export increased by 9.2% to 3.7 million tons, and import shipments by 8% to 16.2 thousand tons. Transportation of grain in ... #UkrainianRailways #Ukrzaliznitsa #UZ
Ukrainian Railways (UZ) does not plan to increase tariffs in 2022. The announcement referred to freight transportation, except for the one increase scheduled for January 1, 2022. The Chairman of the Board of UZ, Oleksandr Kamyshin, said that the first increase of tar... #UkrainianRailways #Ukrzaliznytsia #UZ #UZtarrifs
Ukrainian Railways (UZ) raises freight rates for iron ore transportation. From January 1, 2022, UZ will increase the tariff by an additional 9%. The change of the tariffs should bring the company an additional UAH 2 bln ($76 mln) of revenue in 2021, and UAH 10 bln ($381 mln... #RailroadFreightRates #UkrainianRailways #Ukrzaliznytsia #UZfreightrates
Ukrzaliznytsia (Ukrainian Railways – UZ) to increase salaries. The salaries of railway workers will increase by 10% from December 1, 2021. The announcement was made by the Chairman of the Board, Alexander Kamyshin, who noted that this was the second increase in t... #SalaryUkraine #UkraineRailRoad #UkrainianRailways
Concorde Capital’s Alexander Paraschiy writes: “The company will be able to accumulate more funds to finance its capex programs, as well as will enjoy better leverage multiples. This potentially may lead to further upgrades of the company’s credit... #UkrainianRailways #UZbonds
A Chinese container train is rolling across Siberia, following a new route to Kyiv. Shunning the western China-Kazakhstan route, Eurosib sent 41 containers by sea from China to Vladivostok. From the Russian Far East, the train is traveling west on the Trans-Siberian Railway. One year... #CargoTrains #chinesetrains #UkrainianRailways
Fast InterCity trains will start running next year between Cherkasy and Kyiv, rendering rail travel as fast car travel on the 190-km route. After electrification of a final 30-km section in a 145-year old rail line, high-speed trains will connect the regional capital with the national capital in 2h30 min, the same time as by car, Kirill T... #Cherkasy #Intercity #UkrainianRailways
Fighting a slow drain of workers to Poland and Germany , Ukrzaliznytsia is raising salaries this month by 10% for all employees earning up to $1,000 a month. #SalaryUkraine #UkrainianRailways
Ukrzaliznytsia has placed 5-year Eurobonds worth $300 million at 7.875% per annum, a banking source tells Interfax-Ukraine. This would be substantially higher than the 7% range analysts had expected. J.P. Morgan and Dragon Capital were advisors on the issue. Fitch Ratings assigned t... #UkrainianRailways #UZbonds
