Ukraine to invest record $650 million in railway upgrade in 2018Staff Writer | February 6, 2018
The Ukrainian government will invest about $650 million this year, a record sum in 10 years, to upgrade the railway infrastructure, Infrastructure Minister Volodymyr Omelyan announced.
Transportation 30 General Electric locomotives
Part of it will go into the production of 3,600 freight railcars and the modernization of about 10,000.
The state-run Ukrainian Railways also plans to launch six major projects this year worth 360 million dollars to reconstruct and electrify rail lines.
Last year, the company released plans to attract about 6 billion dollars by 2022 for the modernization drive. ■