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The EBRD will allocate 300 million euros for the purchase of electric trains for Ukrzaliznytsia

Photo: Ministry of Economic Development and Trade

Currently, the EBRD is ready to provide a loan for the purchase of 50 electric locomotives. We are talking about 300 million euros.

The European Bank for Reconstruction and Development will allocate 300 million euros to update the fleet of dual-power electric locomotives. This was reported by the Ministry of Development.

According to the Deputy Minister of Community and Territorial Development of Ukraine Timur Tkachenko, the EBRD is currently ready to provide a loan for the purchase of 50 electric locomotives.

“At the same time, thanks for providing funding from the World Bank project Restoration of critical logistics infrastructure and network connectivity (RELINC), it is possible to purchase another 30 electric locomotives at a total cost of 190 million US dollars,” the official said.

He added that thanks to the Single Portfolio of Investment Projects (SPP), it is possible to mobilize partners’ resources and direct them to the implementation of priority projects.

As stressed by Arvid Türkner, Managing Director of the EBRD in Ukraine and Moldova, it is now necessary to coordinate each common project step by step to ensure that everything is according to plan.

At the meeting, the team of the Ministry of Community and Territorial Development of Ukraine together with EBRD representatives discussed the timing of signing agreements and guarantee agreements, as well as assistance from the European Bank for Reconstruction and Development and International Finance Corporation (IFC). ) on the continuation of the implementation of concession projects in the Ukrainian ports of Olvia and Chornomorsk.

We remind you that Ukrzaliznytsia has announced a shortage of vehicles. By 2028, the lack of railways may become critical.

It was also reported that the Verkhovna Rada approved the Framework Agreement between Ukraine and Korea on loans from the Economic Development and Cooperation Fund for 2024-2029. The decision will open the way to financing the program to expand the rolling stock of Ukrzaliznytsia – the purchase of 20 Intercity+ class electric trains.


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Source: korrespondent

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