Ukrzaliznytsia spent a record $132 million on new freight wagons and locomotive repair in the first half of this year

Ukrzaliznytsia spent a record $132 million on new freight wagons and locomotive repair in the first half of this year, the state railroad reports. During this time, the railroad built 1,740 new freight cars – two thirds the amount made during all of last year. During the second half of this year, the railroad plans to invest four times that amount — $536 million on new and repaired rolling stock. Reviewing this spending plan, Dragon Capital calls it “overly ambitious.”