Ukraine seeking Swiss investment for railway development.

The Ministry of Infrastructure, and JSC and Stadler CIS AG, Stadler Rail AG (Switzerland) and the Swiss Export Risk Insurance Agency SERV have signed a memorandum determining the principles and mechanisms for cooperation. According to the CEO of Stadler CIS AG Alexander Luft, “for the first time, export financing from Switzerland is attracted at the state level, which will be aimed at the development of Ukraine’s railway transport, including the renewal of the train fleet. Investment of up EUR 500 million is envisaged, not only for the purchase of trains, but also the localization of Stadler production through the construction of a new plant in Ukraine.