14.06.2022
Artikel Nummer: 41215
Financial support for Ukrainian railway
The European Bank for Reconstruction and Development (EBRD) has repurposed part of an existing loan to provide EUR 50 million of liquidity to Ukraine’s rail company Ukrzaliznytsya (UZ). The aim is to keep trains running as the country grapples with the Russian invasion.
The financing will support the movement of goods and people, including displaced persons, and help maintain Ukraine’s trade links with the outside world.
The first EUR 50 million will help Ukrainian Railways to cope with the significant damage that Russia inflicts every day, UZ said. The EBRD originally agreed to lend EUR 150 million to UZ to upgrade and electrify one section of the country’s nearly 20,000 km of railway and related infrastructure. (ben)