Infrastructure Minister Andrii Pyvovarskyi has said that the corporatization of the State Railway Administration (Ukrzaliznytsia) should be completed before the end of this year. He was speaking at the 11th Ukraine Investor Conference, which was organized by the Dragon Capital company, the economics.lb.ua publication reports.
"We intend to corporatize Ukrzaliznytsia before the end of the year, have a single management team, centralize management, and introduce a single bank account for Ukrzaliznytsia because every railway is currently a small kingdom," he said.
Pyvovarskyi also said that he was in favor of granting private rolling stock access to Ukrzaliznytsia’s railways. "Immovable property should be in the hands of the state, but rolling stock can be private. That is my position," he said.
As reported, the Cabinet of Ministers decided in June 2014 to establish a public joint-stock company called Ukrainska Zaliznytsia on the basis of Ukrzaliznytsia. At the time, the public joint-stock company was expected to begin commercial operation within the first few months of 2015.