Ukraine will invest 20 billion hryvnia in the modernization of railways. tracks and rolling stock

Investments of PJSC "Ukrainian Zaliznytsia" in 2016 in the renovation of tracks, locomotives and cars will amount to 20 billion hryvnia, according to the press service of the department on Tuesday.

According to the Minister of Infrastructure Andriy Pivovarsky, the reform of the railway industry, which is currently underway, will make Ukrzaliznytsia a key player in the domestic economy.

“She will be able to earn money, work efficiently and effectively fulfill government orders. We are already working on the financial plan of Ukrzaliznytsia for 2016, which provides for investments in the renovation of the track, locomotives and cars - about 20 billion hryvnia, "- said an official at the Ministry of Infrastructure of Ukraine at the celebration of the Day of the Railwayman.

As reported, the Ministry of Infrastructure expects to agree on the financial plan of the Ukrainian Zaliznytsia by the end of the year. The economic activity of the recently created PJSC "Ukrainian Zaliznytsia" is expected to begin on December 1, 2015.