The Ukrainian Railways public joint-stock company (Ukrzaliznytsia) intends to spend UAH 18.4 billion on purchase and modernization of rolling stock this year. Ukrzaliznytsia’s acting Board Chairman Yevhen Kravtsov announced this at the conference "Railways of Ukraine: Development and Investments" on Tuesday, February 27, the CFTS correspondent reports.

"We are focusing on the first half of the year, when we will invest in rolling stock. The rest of the money will go to infrastructure after the first half of the year," Kravtsov said

Ukrzaliznytsia’s approved financial plan for 2018 provides for investment of UAH 17,947,017 (excluding VAT) in purchase, manufacturing, and modernization of passenger cars, freight cars, and traction rolling stock.

As previously reported, Ukrzaliznytsia invested UAH 732.7 million in development in January 2018. Most of this amount was spent on construction of railcars, modernization of fixed assets, and major repairs.