The Ukrainian Railways joint-stock company (Ukrzaliznytsia) will receive a grant of USD 25 million from the World Bank for the purchase and construction of container flatcars.
Ukrzaliznytsia’s Board Chairman Oleksandr Kamyshin announced this in a statement, the CFTS portal reports, citing the Interfax Ukraine news agency.
"The World Bank is providing USD 50 million, of which USD 25 million will go to Ukrzaliznytsia. These are two projects for flatcars for transporting containers: their procurement and construction," Kamyshin said.
The company has not yet received these funds.
In early February, the World Bank announced a new USD-50-million project to repair and restore Ukraine’s transport network to support immediate humanitarian relief and recovery and increase the capacity of import and export corridors.
Specifically, according to the World Bank, the project will support the purchase of modular bridges, equipment, and materials to repair damaged road-to-bridge connections and vital rail lines urgently. It will also help to finance the purchase of flatcars and additional rolling stock to expand the railway’s capacity to move cargo in containers.
As reported earlier, Lemtrans, the largest private railcar operator in Ukraine, and its Levada Cargo subsidiary recently invested more than UAH 200 million in the purchase of over 240 flatcars.
