Ukraine’s state railroad seeks $2 billion in foreign private investment in locomotives, freight cars, and terminals

Ukraine’s state railroad seeks $2 billion in foreign private investment in locomotives, freight cars, and terminals, Yevhen Kravtsov, chairman of Ukrzaliznytsia, says in a press statement. This year, the railroad is spending $1 billion in capital improvements – a post independence record. Notably, the railroad is bringing into service 7,000 new freight cars, half of them made in Ukraine. Separately, at an investment conference Tuesday, Michael Datsenko, director of the US-Ukraine Business Council, said: “Ukrzaliznytsia is still a bottle neck. They should allow private locomotives on their lines.”