Odesa, Pivdenno-Zakhidna and Lviv railways have raised loans totally worth UAH 1.663 billion from several banks, according to a report in the Visnyk Derzhavnykh Zakupivel bulletin.

The report says that Odesa Railways attracted a renewable credit line worth UAH 444.4 million from five banks.

The cost of the agreement with Kyiv-based Kyivska Rus Bank came to UAH 19.5 million (the sum of the loan is UAH 100 million), with First Ukrainian International Bank (FUIB, Donetsk) – UAH 3.8 million (UAH 20 million), Odesa department of the Finance and Credit Bank – UAH 5.67 million (UAH 30 million), VTB Bank (Kyiv) – UAH 58.18 million (UAH 270 million) and Vseukrayinsky Bank Rozvytku (all-Ukrainian Development Bank, VBR Bank) – UAH 5.125 million (UAH 24.408 million). The agreements were signed on May 16, 2013. The funds are raised for one year to refinance and replenish working capital.

In addition, Odesa Railways on May 8, 2013 signed an agreement with Subsidiary Bank of Sberbank of Russia to attract a three-year loan worth UAH 496.926 million in the hryvnia equivalent. The cost of the agreement amounts to $23.079 million (value added tax not included).

Pivdenno-Zakhidna Railways has raised a three-year loan of UAH 401.241 million in the hryvnia equivalent from Subsidiary Bank of Sberbank of Russia. The agreement was signed on May 15, 2013. Its cost in five lots amounts to $18.071 million (value added tax not included).

Pivdenno-Zakhidna Railways also raised a one-year loan worth UAH 65 million from VBR Bank. The agreement was signed on May 8, 2013. Its cost stood at UAH 13.65 million (value added tax not included).

Lviv Railways raised a UAH 256.306 million three-year loan from TAScombank and Subsidiary Bank of Sberbank of Russia.

TAScombank will issue a UAH 40 million loan, and Subsidiary Bank of Sberbank of Russia – a UAH 216.306 million loan. The cost of the agreements signed on May 8, 2013 is not disclosed.

Odesa Railways operates in six regions: Odesa, Mykolaiv, Kherson, Cherkasy, Kirovohrad, and Vinnytsia. Large sea and river ports are located in the regions in which the company operates.

Pivdenno-Zakhidna Railways has an administrative center in Kyiv. The total length of its track is 4,668 kilometers. Some 93.3% of all its cargo and passenger transportation is performed using electric locomotives. It operates 315 stations. Five departments of railway transportation - in Kyiv, Kazatyn, Zhmerynka, Korosten and Konotop - manage the railway network.

Lviv Railways crosses seven regions, including Lviv, Ivano-Frankivsk, Zakarpattia, Chernivtsi, Vinnytsia, Ternopil, and Volyn.