Funds for upgrading Ukraine's rail tracks
The European bank for reconstruction and development (EBRD) is supporting the further integration of the Ukraine’s domestic railway system into international networks by investing up to USD 100 million in bonds issued by Ukraine Railways (UZ).
The invested funds will be used for the rehabilitation of priority railway lines, predominantly on the trans-European transport networks.
UZ possesses a total track length of over 23,000 km, making it the 14th largest in the world. It is the world’s 6th largest rail passenger transporter and the world’s 7th largest freight transporter. Two thirds of the Ukrainian railway lines are heavy-traffic. (ben)