The Ministry of Infrastructure has presented the new organizational structure of the State Railway Administration (Ukrzaliznytsia), which will be transformed into a joint-stock company, the CFTS correspondent reports.
According to Infrastructure Minister Andrii Pyvovarskyi, a group of experts created the new organizational structure and charter of Ukrzaliznytsia based on the European experience and directives of the European Union.
The management structure of the joint-stock company will consist of the state level (the Cabinet of Ministers and the Ministry of Infrastructure), a second level (the supervisory board), and a third level (the management board).
A presentation of the management model of the Ukrzaliznytsia joint-stock company is available in the CFTS Analytics section.
The supervisory board will consist of independent representatives, as well as invited foreign experts. According to Pyvovarskyi, interested people from Poland, Germany, and Lithuania have already been interviewed.
The management board of the joint-stock company will be composed of 11 members, including the chairperson. Each member of the management board will be responsible for a specific area of Ukrzaliznytsia’s operation.
As reported previously, the joint-stock company will include all the six railways in Ukraine, as well as public railway enterprises, institutions, and organizations. In addition, state stocks and shares in companies created with the participation of rail transport enterprises will be contributed to the authorized capital of the joint-stock company.
Ukrzaliznytsia published the draft statutes of the future joint-stock company on its website in mid-November 2014. The company will be 100% owned by the state. It is expected to have 25 branches and the ban on privatization of railway facilities is expected to be preserved.
