EBRD ready to finance updating of Ukrzaliznytsia rolling stock

14:55, 22.04.2016 1 min read

The European Bank for Reconstruction and Development (EBRD) is ready to finance the renewal of Ukrainian railways' rolling stock, EBRD Senior Banker in Ukraine Mark Magaletsky has stated.

"From the point of view of private business, the situation is difficult here. This is due to a lower cargo turnover, devaluation and other factors. Meanwhile, the situation is improving, the market feels growing points. We hope for positive trends," he said at the Ukrainian Infrastructure Forum in Kyiv.

According to him, the decisions of Ukrzaliznytsia management with respect to investment, financing infrastructure should play a greater role in this work.

"This will give signals to the entire market. We are ready to cooperate and are already one of the creditors of Ukrzaliznytsia. We are ready to finance the purchases of new rolling stock, locomotives, but the company has to decide what amount of funds is required," the banker added.