PJSC Ukrzaliznytsia plans to inject about $6 billion in capital investment in five years.

This figure was announced by acting head of Ukrzaliznytsia Yevhen Kravtsov while presenting his company's strategy for development in 2017-2021 in Kyiv on Tuesday, an Interfax-Ukraine correspondent has reported.

About $1.8 billion is to be allocated for infrastructure, about $3.2 billion will be spent on new rolling stock, and about $0.7 billion on modernization of rolling stock, he said.

In particular, the capital investment plan suggests that 163 locomotives are to be purchased in five years, 362 locomotives (investment worth $1.33 billion) are to be modernized. Moreover, Ukrzaliznytsia will buy 15,753 freight wagons, while 46,028 freight wagons will undergo modernization (the amount of investment is $848 million).

In addition, Ukrzaliznytsia will purchase 419 passenger cars and modernize 799 ones for $466 million, and it will also buy 10 and modernize 326 sections of electric trains for $516 million. What is more, it will buy 78 diesel trains and upgrade 16 ones for $169 million in five years.

Basic infrastructure projects stipulated in the five-year strategy include reconstruction of backbone railways ($601 million); electrification of the Dolynska - Mykolaiv - Kolosivka routes ($278 million); installation of digital communications systems ($154 million); completion of the Beskydsky Tunnel ($72 million). Other projects are electrification of the Kovel - Izov - the state border routes ($53 million); modernization of the Kovel - Yahotyn - the state border route ($40 million); construction of logistical warehouses ($30 million).