EBRD creates company in Ukraine to manage own wagons

11:35, 14.02.2017 1 min read

The European Bank for Reconstruction and Development (EBRD) has set up a company in Ukraine to manage its own wagons, Bank Senior Adviser Anton Usov has told Interfax-Ukraine.

"This is a specially created company CREA I UA LLC. It will carry out management. The bank will consider various options for the further development of events: sale of cars to a strategist, for example," he said.

Earlier EBRD Senior Banker Mark Magaletsky said in an interview with the Center of Transport Strategies that Interleasinginvest had not fulfilled its obligations on the EBRD loan service for financing the purchase of wagons and as a result the EBRD left the project with the assets that were pledged - freight wagons.

"Currently we already reach the finish line and have received the title of ownership of these cars. A subsidiary has been established, which is the holder of the wagons, and the cars will work directly on us. Some 2,387 cars – with this park we actually entered the top five largest private owners of wagons in Ukraine," Magaletsky said.