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
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
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
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
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
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
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 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
