The European Bank for Reconstruction and Development (EBRD) is ready to allocate a loan that will allow Ukrzaliznytsia to partially update its fleet of dual-system electric locomotives. This was reported by the Ministry of Communities and Territories Development of Ukraine following a meeting with EBRD representatives.
"Currently, the EBRD is prepared to provide a loan of €300 million for the purchase of 50 electric locomotives. At the same time, thanks to grant funding from the World Bank project 'Restoration of Critical Logistics Infrastructure and Network Connectivity' (RELINC), it will be possible to acquire an additional 30 electric locomotives for a total of $190 million. Thus, Ukraine will be able to replenish its locomotive fleet with 80 dual-system electric locomotives. Through the Unified Portfolio of Investment Projects, we have the opportunity to mobilize partner resources and direct them toward implementing priority projects," noted Tymur Tkachenko, Deputy Minister of Communities and Territories Development, during the meeting.
Deputy Minister of Communities and Territories Development Marina Denysiuk emphasized that the interest of one of Ukraine's largest donors in joint investment projects will contribute to the quicker economic recovery of our state.
Oleksandr Pertzovsky, Chairman of the Board of JSC Ukrzaliznytsia, remarked that in addition to updating the locomotive fleet, the implementation of a distributed generation system on the railway is also important to overcome the electricity deficit during the winter period. The parties agreed to coordinate deadlines for the mentioned projects soon.
