11:50 12.10.2015

Ukrainska Zaliznytsia to start operating at full capacity on Jan 1, 2016 – minister

1 min read
Ukrainska Zaliznytsia to start operating at full capacity on Jan 1, 2016 – minister

Public joint-stock company Ukrainska Zaliznytsia is to start operating at a full capacity on January 1, 2016, Ukrainian Infrastructure Minister of Ukraine Andriy Pyvovarsky has said.

"On September 2 we decided [to create the public joint-stock company], if there were no red tape delays we are to finish corporatization at the end of the first week of November and create the public joint-stock company, to transfer all assets by the late of 2015 and the new structure - Ukrainska Zaliznytsia could start operating at a full capacity," he said in the parliament on October 9.

Public JSC Ukrainska Zaliznytsia, 100% of the shares of which will be in state ownership without the right to sell them, will be created on the basis of Ukrzaliznytsia and over 50 railway enterprises which are to be reorganized through mergers.

The list of companies based on which Ukrainska Zaliznytsia will be created includes six railroads, wagon repair plants, railway state-owned enterprises, research and design institutes of railway transport, and a number of design and design-engineering bureaus.

Ukrzaliznytsia's assets have been assessed at UAH 245 billion, not taking into account occupied Crimea and the Anti-Terrorist Operation (ATO) zone.

AD
AD
AD
AD
AD