The Ministry for Communities, Territories and Infrastructure Development, Ukrzaliznytsia and the European Bank for Reconstruction and Development (EBRD) are launching the emergency support project for Ukrainian railways. The EUR 200-million project will provide financial assistance for the restoration and modernisation of railway infrastructure and the renewal of rolling stock.
The relevant Guarantee Agreement for the project was signed on June 9 by Oleksandr Kubrakov, Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development, and Matteo Patrone, EBRD Managing Director for Eastern Europe and the Caucasus.
“In view of the restrictions imposed by the aggressor on the operation of Ukrainian Black Sea ports, the Ministry for Communities, Territories and Infrastructure Development is currently paying special attention to the development of road and rail logistics on the western borders. This primarily means modernising infrastructure and renewing rolling stock. Thanks to the EBRD’s financial support, we will be able to significantly accelerate this process and ensure the smooth operation of Ukrzaliznytsia in the short and medium term. I am grateful to our partners at the EBRD, especially Matteo Patrone, Managing Director for Eastern Europe and the Caucasus, for the support the Bank has provided since the first days of the full-scale russian invasion,” commented Oleksandr Kubrakov. (Government portal/Business World Magazine)
