Cabinet of Ministers has approved an action plan to reform rail transport, which envisages the preparation of JSC Ukrzaliznytsia for an initial public offering (IPO) and the opening of the rail transportation market, according to Infrastructure Minister Vladyslav Kryklii.
“The preparation of Ukrzaliznytsia for an IPO and the opening of the rail transportation market are envisaged in a plan of measures to reform rail transport approved by the Cabinet of Ministers on December 27,” the press service of the Ukrainian Infrastructure Ministry quoted Kryklii as saying.
He added that railway transport reform envisaged the introduction of the contractual order of socially important passenger transportation, the restructuring of JSC Ukrzaliznytsia to prepare the company for the opening of the rail transportation market and an initial public offering, as well as the introduction of measures to ensure the safety of transportation during the opening of the transportation market.
“The implementation of the government-approved railway reform action plan will promote competition in the rail transportation market in Ukraine, ensure the economic efficiency of rail transportation and the most productive use of rail infrastructure, and have a positive impact on ensuring the rights and interests of market participants,” Kryklii said. (Ukrinform/Business World Magazine)