Infrastructure Ministry will support Ukrzaliznytsia debt restructuring

17:19, 12.05.2015 1 min read

Ukraine's Ministry of Infrastructure has said that it will fully support State Railways Administration of Ukraine Ukrzaliznytsia during its debt restructuring, the ministry's press service has reported.

"Given the current situation, the ministry confirms it fully supports the company in debt restructuring. This will help normalize the economic situation and the work of Ukrzaliznytsia, as well as determine the necessary volume of capital investment, which have been frozen for the past years," reads the report.

The ministry said Ukrzaliznytsia's decision to restructure its domestic and external debts is the result of the debt burden of the past years and the existing difficulties associated with military operations in Ukraine.

As reported, on May 12 Ukrzaliznytsia announced the beginning of negotiations on restructuring its internal and external debts worth about UAH 32 billion.