The Ukrzaliznytsia public railway company’s Board Chairman Wojciech Balczun and the Polish-based PKP Energetyka company’s head Wojciech Orzech have signed an agreement of intent, which provides for cooperation between the two companies. The signing of the agreement took place on 6 September during an Economic Forum in Krynica-Zdroj (Poland).

The CFTS portal reported this on Wednesday, citing Rynek Infrastruktury.

Both companies declared their intention to share experience and collaborate on key issues involving operations, as well as to develop business projects and development projects.

Energy cooperation between PKP and Ukrzaliznytsia will involve, among other things, maintenance and modernization of catenary systems and management of electricity distribution through introduction of modern IT tools with the aim of improving energy efficiency.

Based on the experiences of both companies and the challenges they face, Orzech sees mutual benefit in such cooperation.

Balczun told Polish reporters that the most important issues to the Ukrainian railways are currently optimization of costs and modernization of the infrastructure, as well as combating widespread corruption. He also announced Ukrzaliznytsia’s plans to create a company called UZ Cargo International with two divisions that will focus on operations with European and Asian countries.