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.
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.