The interim parliamentary commission of inquiry that was set up to examine and assess the current state of the Ukrainian Railways joint-stock company (Ukrzaliznytsia) has established that the company has lost a third of its fixed assets, the CFTS portal reports.

"The management of Ukrzaliznytsia does not protect or develop the properties and fixed assets that the state entrusted to it. The investigation established that it has lost a third of its fixed assets. Ukrzaliznytsia achieved only 65% of its capital investment target during the five years under examination. Almost UAH 30 billion has not been spent in this area," the commission’s head Yulia Hryshyna said during the presentation of the commission’s report.

The railway infrastructure is in critical condition because of this, Hryshyna added.

According to her, the company’s current state does not allow it to perform cargo and passenger transport operations in full.

The commission blamed the company's top management (excluding professional railroad workers), corruption, and lack of professionalism among its managers for the current state of affairs.

As reported earlier, the commission has declared the performance of Ukrzaliznytsia’s supervisory board unsatisfactory and called for dismissal of the company’s board of directors.