The Ukrzaliznytsia public railway company has approved a five-year investment plan involving upgrade of its rolling stock, the company’s Board Chairman Wojciech Balczun told reporters.

"Yesterday, the board approved a plan for development of rolling stock until 2021. Over five years, we will repair or purchase 96,000 wagons (both freight and passenger wagons), on which we will spend UAH 108 billion," said Balczun.

As previously reported, Ukrzaliznytsia plans to purchase nearly 9,000 railcars in 2017.