Ukrzalyznitsia plans to spend nearly $1 billion on capital expenditures this year – one third more than last year.

Ukrzalyznitsia plans to spend nearly $1 billion on capital expenditures this year – one third more than last year. Spending is to go for 3,650 new freight cars, the repair of 7,000 freight cars and the purchase of 15 locomotives from GE. Rail chair Kravtsov says an EBRD loan guarantees renovation of almost 6,000 freight cars through the end of next year.