Two months into the job as head of Ukraine’s state railroad, Volodymyr Zhmak announced yesterday he will drop a $1 billion framework agreement signed in 2018 to buy as many as 200 diesel locomotives from Wabtec Corporation, formerly GE Transportation. “As for cooperation with General Electric, today I do not see the need for further purchase of General Electric locomotives,” he said at a press conference in Kyiv. “Our goal is to switch to electric locomotives, because it is much more economical.” Of Ukrzaliznytsia’s 23,300 km of track, only 44% is electrified.
Two months into the job as head of Ukraine’s state railroad, Volodymyr Zhmak announced yesterday he will drop a $1 billion framework agreement signed in 2018 to buy as many as 200 diesel locomotives from Wabtec Corporation, formerly GE Transportation
