Cash-starved UZ got a break Wednesday when the State Regulatory Service approved cargo rate increases designed to bring in an extra $500 million over the next 18 months. Starting in September, grain and iron ore rates go up 8%. Near year, grain rates go up another 6.5%. Rates for iron ore, coal and cement go up 20.4%. UZ supervisory board member Serhiy Leshchenko calc... #UkrzaliznytsiaNeedsCash #UZneedsFinancing #UZukraine
Due to poor track conditions, Ukrzaliznytsia’s ‘high speed’ elite trains run at 100 km an hour, 65% of their rated capacity, Alexander Kamyshin, the new acting CEO of the state railroad, tells Interfax-Ukraine. Despite these limitations, Kamyshin plans to expand the service to more regional capitals, starting with Cherkasy ... #UkraineRailRoad #UkrzaliznytsiaPoorcondition #UZukraine
With rivers of grain starting to flow from the fields of Ukraine, Ukrzaliznytsia is not prepared to move the record harvest to the Black Sea ports , warns Alexander Kamyshin, the new acting CEO of the state railroad. Barely one quarter of the railroad’s 11,400 grain wagons are useable, he says. “As of July 9, only 15% of the planned repairs were... #UkraineRailRoad #Ukrzaliznytsia #UZ #UZukraine
