The European Bank for Reconstruction and Development (EBRD) plans to provide a government-guaranteed loan of up to EUR 300 million for implementing an investment project to upgrade the electric locomotive fleet of the Ukrainian Railways joint-stock company (JSC Ukrzaliznytsia).
The Ukrainian Ministry of Development of Communities and Territories announced this in a statement, the CFTS portal reports.
Deputy Prime Minister for Reconstruction/Minister of Development of Communities and Territories Oleksii Kuleba met with representatives of the EBRD, the statement said.
In addition to the projects that are already being implemented successfully, additional attention was paid to promising areas of cooperation, such as the renewal of the electric train fleet.
"In partnership with the EBRD, JSC Ukrzaliznytsia intends to implement an investment project to modernize its electric locomotive fleet with a state-guaranteed loan of up to EUR 300 million from the EBRD," the statement said.
