15:04 23.02.2021

Investors from China, Korea, Turkey interested in project of high-speed traffic in Ukraine – Ukrzaliznytsia head

1 min read
Investors from China, Korea, Turkey interested in project of high-speed traffic in Ukraine – Ukrzaliznytsia head

JSC Ukrzaliznytsia expects to launch a concession project for high-speed traffic in Ukraine with the help of investors from China, Korea and Turkey, Ukrzaliznytsia board chairman Volodymyr Zhmak has said.

"I believe that the only tool for building high-speed train networks is concession, and in order to realize this, Ukraine needs a powerful investor," he said at the Ukraine30. Infrastructure forum in Kyiv.

According to Zhmak, there are currently interested investors from China, South Korea and Turkey.

"Today, these potential investors are just looking at Ukraine in terms of organizing high-speed traffic," he said.

Earlier that day, at the forum, Minister of Infrastructure Vladyslav Krykliy announced the ministry's plans in 2021 to start work on a project for the implementation in Ukraine of a European format railway network (1,435mm) with a train speed of over 250 km/h.

"These are four sections with a total length of almost 2,000 km of railway track. The first section is Kyiv-Lviv and the border, 896 km, and we are already starting to build and prepare one of these stages this year," the minister said.

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