The Ukrainian Railways public joint-stock company (PJSC Ukrainian Railways) will begin operation on 1 December 2015. Yevhen Kravtsov, the director of legal and property policy and reform at the State Railway Administration (Ukrzaliznytsia) and a board member of Ukrzaliznytsia, announced this at a press conference, the CFTS correspondent reports.

According to Kravtsov, bank accounts for PJSC Ukrainian Railways are expected to be opened by 20 October and documents for registration of shares in the company are expected to be submitted to the National Commission on Securities and the Stock Market by 2 November.

Preparatory work for the launch of the company’s operations will be performed during November and the launch of its operations is planned for December. Kravtsov noted that PJSC Ukrainian Railways was registered on 21 October 2015.

According to him, PJSC Ukrainian Railways will have about 30 branches and applications for registration of 21 branches have already been submitted.

These branches include the regional railways Lvov Railway, Yuzhnaya Railway, Odessa Railway, Yugozapadnaya Railway, and Pridniprovskaya Railway, as well as the Darnitsa railcar repair plant, the Panyutin railcar repair plant, the Liski transport service center, the Wagon refrigeration company, Vinnitsatranspribor, the Industry Management Center, the Starokonstantinov reinforced concrete sleeper plant, the Main Computer and Information Center, the Central Communication Station, the Single Rail Transport Settlement Center, the Scientific Research, Design, and Technology Institute for Rail Transport, the Technological Design Bureau for Information Technologies, the Production Support Center, the Magistral media center, the Center for Professional Development of Personnel, and the Center for Health Protection.

The next steps in the reform of Ukrzaliznytsia will be introduction of a mechanism for separating financial flows by type of operation; creation of a vertically integrated technological production system for rail transport, which will be structured by type of operation; improvement of the tariff policy, ensuring free pricing in the competitive sectors of the market of transport services; creation of the main and regional traffic management centers; introduction of a mechanism for providing financial support for passenger transportation; optimization of the organization structure of rail transport.