Ukraine govt approves plans to corporatize railway administration

12:59, 26.06.2014 1 min read

The Ukrainian government on June 25 approved a decree to incorporate the State Railways Administration (Ukrzaliznytsia) as a joint stock company.

"This momentous decision for Ukrainian rail transport will make it possible during the reformation of Ukrzaliznytsia to progress to real action and start separating the regulatory and economic functions of public rail transport," Oleksandr Kava, coordinator for transport sector reforms at the Coordinating Center for Economic Reforms, told Interfax-Ukraine.